Raymond James Maintains Outperform on Analog Devices, Lowers Price Target to $200
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Melissa Fairbanks has maintained an 'Outperform' rating on Analog Devices (NASDAQ:ADI) but lowered the price target from $225 to $200.
August 24, 2023 | 11:30 am
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Analog Devices' price target has been lowered from $225 to $200 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors. However, the maintained 'Outperform' rating suggests that the analyst still sees potential upside for the stock, which could balance out any negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100