Baird raised the firm’s price target on Analog Devices (ADI) to $365 from $275 and keeps an Outperform rating on the shares. The firm updated its model following results which suggest multiple tailwinds and an ongoing cycle recovery.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 raised to $400 from $355 at TD Cowen
- Analog Devices price target raised to $430 from $400 at UBS
- Analog Devices price target raised to $364 from $291 at Truist
- Analog Devices price target raised to $387 from $282 at Evercore ISI
- Analog Devices price target raised to $373 from $314 at Morgan Stanley