TD Cowen Maintains Outperform on Analog Devices, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Joshua Buchalter maintains an Outperform rating on Analog Devices (NASDAQ:ADI) but lowers the price target from $225 to $200.
May 25, 2023 | 11:38 am
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TD Cowen maintains Outperform rating on Analog Devices (NASDAQ:ADI) but lowers price target from $225 to $200.
TD Cowen's lowered price target for Analog Devices may cause short-term uncertainty among investors, but the maintained Outperform rating suggests that the stock is still expected to perform well in the long run. The impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100