KeyBanc raised the firm’s price target on Analog Devices (ADI) to $300 from $285 and keeps an Overweight rating on the shares. The firm says its quarterly supply chain findings were mixed. As such, it has revised several companies’ estimates and price targets. In analog, tariff-related pull-ins are driving near-term upside but are resulting in concerns regarding the second half of the year being sub-seasonal. China remains the most resilient geographically but is slowing. AI demand remains robust, adds KeyBanc.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADI:
- Analog Devices price target lowered to $280 from $285 at UBS
- Analog Devices price target raised to $290 from $260 at Citi
- Buy/Sell: Wall Street’s top 10 stock calls this week
- SanDisk initiated, Analog Devices upgraded: Wall Street’s top analyst calls
- Video: Circle, Nucor among major pre-market movers