JPMorgan analyst Harlan Sur raised the firm’s price target on Analog Devices (ADI) to $310 from $300 and keeps an Overweight rating on the shares. The company reported strong July quarter results on a continued cyclical recovery and a slight pull-forward in China auto demand, the analyst tells investors in a research note. The firm believes Analog’s diversified portfolio positions it well in the uncertain macro environment.
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Read More on ADI:
- Strong Financial Performance and Strategic Positioning Drive Buy Rating for Analog Devices
- Analog Devices price target raised to $245 from $215 at Piper Sandler
- Analog Devices price target raised to $250 from $235 at Wells Fargo
- Balanced Outlook on Analog Devices: Hold Rating Amid Cyclical Recovery and Inventory Caution
- Analog Devices price target raised to $310 from $300 at KeyBanc