Seaport Research initiated coverage of Analog Devices (ADI) with a Sell rating and $155 price target Outside of China EVs, industrial markets in most markets have not really recovered or began restocking of semis and given that interest rates and recession fears appear to have put a brake on cyclical recovery, the firm sees a prolonged downturn in analog semis, the analyst tells investors.
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Read More on ADI:
- Analog Devices price target lowered to $170 from $240 at Barclays
- Analog Devices price target lowered to $214 from $250 at Morgan Stanley
- Analog Devices price target lowered to $225 from $275 at Stifel
- Analog Devices price target lowered to $230 from $280 at BofA
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