Wells Fargo Maintains Equal-Weight on Analog Devices, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley has maintained an Equal-Weight rating on Analog Devices (NASDAQ:ADI) and lowered the price target from $185 to $175.
August 24, 2023 | 2:23 pm
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Analog Devices' price target has been lowered from $185 to $175 by Wells Fargo, while maintaining an Equal-Weight rating.
The lowering of the price target by Wells Fargo indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on the stock's price.
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