Analog Devices price target raised to $250 from $230 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Analog Devices (ADI) to $250 from $230 and keeps a Neutral rating on the shares. Cantor sees Analog Devices posting a modest beat and raise next week amid continued signs of broad-based stabilization bolstered by pockets of strength, the analyst tells investors in a research note. The firm says Analog remains its favorite name within the group, though it believes risk/reward is fairly balanced.