Baird Maintains Outperform on Analog Devices, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Tristan Gerra maintains an Outperform rating on Analog Devices (NASDAQ:ADI) but lowers the price target from $235 to $210.

August 24, 2023 | 2:22 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Baird analyst maintains Outperform rating on Analog Devices but lowers the price target from $235 to $210.
While the Outperform rating suggests that Baird analyst Tristan Gerra expects ADI to outperform the market, the lowering of the price target from $235 to $210 could create some uncertainty among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100