BMO Capital Maintains Outperform on Analog Devices, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ambrish Srivastava maintains an Outperform rating on Analog Devices (NASDAQ:ADI) but lowers the price target from $215 to $200.
May 25, 2023 | 1:47 pm
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BMO Capital maintains an Outperform rating on Analog Devices (NASDAQ:ADI) but lowers the price target from $215 to $200.
The news directly mentions Analog Devices (ADI) and the lowered price target by BMO Capital. While the Outperform rating is maintained, the reduced price target may have a neutral impact on the stock price in the short term as it indicates a lower expected return, but still suggests a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100