Analog Devices price target raised to $400 from $350 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Analog Devices (ADI) to $400 from $350 and keeps an Overweight rating on the shares. Analog Devices should post a modest beat and solid raise as a gradual broad-based recovery is bolstered by preferential exposure and pricing tailwinds, the analyst tells investors in a research note.