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Analog Devices price target raised to $300 from $280 at Susquehanna

Susquehanna raised the firm’s price target on Analog Devices (ADI) to $300 from $280 and keeps a Positive rating on the shares. The firm said ADI reported better results and even stronger guidance on an accelerating recovery for the Industrial end market. Furthermore, the demand backdrop continues to improve as the company called out backlog and bookings growth.

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