Citigroup Maintains Buy on Analog Devices, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Danely maintains a Buy rating on Analog Devices (NASDAQ:ADI) but lowers the price target from $225 to $200.
May 25, 2023 | 10:35 am
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Citigroup maintains Buy rating on Analog Devices (NASDAQ:ADI) but lowers the price target from $225 to $200.
The news of Citigroup maintaining a Buy rating on Analog Devices is positive for the stock. However, the lowering of the price target from $225 to $200 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100