Truist Securities Maintains Buy on Analog Devices, Lowers Price Target to $213
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein maintains a Buy rating on Analog Devices (NASDAQ:ADI) but lowers the price target from $251 to $213.
May 25, 2023 | 12:41 pm
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NEUTRAL IMPACT
Analog Devices' price target has been lowered from $251 to $213 by Truist Securities, but the Buy rating is maintained.
The news of Truist Securities lowering the price target for Analog Devices may cause some short-term uncertainty among investors. However, the Buy rating is maintained, indicating that the analyst still believes in the company's potential for growth. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100