Wells Fargo raised the firm’s price target on Analog Devices (ADI) to $265 from $250 and keeps an Equal Weight rating on the shares. The company reported strong fiscal Q4 results due to a recovery in industrial and data center as well as better auto resiliency, the analyst tells investors in a research note.
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- Analog Devices sees Q1 adjusted EPS $2.29, +/- 10c, consensus $2.18
- Analog Devices reports Q4 adjusted EPS $2.26, consensus $2.23