Oppenheimer Maintains Outperform on Analog Devices, Lowers Price Target to $215
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Rick Schafer maintains an Outperform rating on Analog Devices (NASDAQ:ADI) but lowers the price target from $230 to $215.

May 25, 2023 | 10:54 am
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Oppenheimer analyst Rick Schafer maintains an Outperform rating on Analog Devices (NASDAQ:ADI) but lowers the price target from $230 to $215.
The news of Oppenheimer maintaining an Outperform rating on Analog Devices indicates a positive outlook for the company. However, the lowering of the price target from $230 to $215 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100