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Analog Devices price target raised to $280 from $270 at Stifel

Stifel analyst Tore Svanberg raised the firm’s price target on Analog Devices (ADI) to $280 from $270 and keeps a Buy rating on the shares following a July quarter sales beat and October quarter guidance above the firm’s prior estimate. The firm, which believes the results reflect the company’s “unique value proposition,” thinks Analog Devices could continue to post above-industry growth.

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