Jefferies analyst Blayne Curtis raised the firm’s price target on Analog Devices (ADI) to $475 from $410 and keeps a Buy rating on the shares after its Q2 earnings beat and above-consensus Q3 guide. The firm is positive on the company’s momentum across multiple Industrial segments, along with better Auto and mid-teen growth in Communications, the analyst tells investors in a research note. Analog Devices is among premier names in Analog, with secular tailwinds benefiting multiple end markets and given the potential rebound in Auto, the firm added.
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