BofA raised the firm’s price target on Analog Devices (ADI) to $350 from $320 and keeps a Buy rating on the shares. The firm raised price targets for most of its diversified analog semi stock coverage, noting that it expects modest calendar Q4 beats and Q1 raises across the board led by industrial semis given ongoing rebounds across most subsegments, favorable pricing, and robust growth in strategic AI businesses.
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- Analog Devices price target raised to $330 from $290 at Stifel
- Analog Devices price target raised to $314 from $293 at Morgan Stanley
- Analog Devices price target raised to $350 from $265 at Oppenheimer