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

KeyBanc raised the firm’s price target on Analog Devices (ADI) to $310 from $300 and keeps an Overweight rating on the shares. The firm is encouraged by Analog’s “strong” Q3 results and Q4 guidance, with strength primarily being driven by the recovery in industrials, the analyst tells investors in a research note.

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