Bernstein Maintains Outperform on Analog Devices, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Stacy Rasgon maintains an Outperform rating on Analog Devices (NASDAQ:ADI) but lowers the price target from $220 to $210.
May 25, 2023 | 10:55 am
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Bernstein analyst Stacy Rasgon maintains an Outperform rating on Analog Devices (NASDAQ:ADI) but lowers the price target from $220 to $210.
The news of Bernstein maintaining an Outperform rating on Analog Devices is positive for the company, indicating that the analyst still believes the stock will outperform its peers. However, the lowering of the price target from $220 to $210 may have a neutral impact on the stock price in the short term, as it suggests a slightly reduced growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100