Goldman Sachs raised the firm’s price target on Analog Devices (ADI) to $450 from $415 and keeps a Buy rating on the shares. The company posted a solid Q2 and offered guidance that was well above consensus, the analyst tells investors in a research note. Analog Devices and the rest of the analog industry continue to undership end-demand levels, consistent with the firm’s analysis which suggests the analog sector is shipping below long-term trendline demand, the firm added.
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