Morgan Stanley analyst Joseph Moore raised the firm’s price target on Analog Devices (ADI) to $293 from $288 and keeps an Overweight rating on the shares after the company reported “another strong quarter” with an above-seasonal outlook, supported by both idiosyncratic and cyclical tailwinds. Analog’s exposure to secular tailwinds in data center and AI as well as ongoing content gains across end markets continue to offset macro softness, the analyst tells investors.
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