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Analog Devices price target raised to $310 from $300 at JPMorgan

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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