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Analog Devices price target raised to $288 from $273 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Analog Devices (ADI) to $288 from $273 and keeps an Overweight rating on the shares following a “beat and raise” report that the analyst calls “one of the strongest prints among peers this quarter.” The “impressive” execution underscores Analog Devices’ “premier defensibility factor,” the analyst tells investors.

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