Piper Sandler Downgrades Analog Devices to Neutral, Announces $190 Price Target
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Harsh Kumar has downgraded Analog Devices (NASDAQ:ADI) from Overweight to Neutral and set a price target of $190.

August 24, 2023 | 9:13 am
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Analog Devices has been downgraded from Overweight to Neutral by Piper Sandler, with a new price target of $190.
The downgrade from Overweight to Neutral by Piper Sandler indicates a less optimistic outlook for the company's stock. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $190, however, suggests that the analyst still sees some upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100