UBS Maintains Buy on Analog Devices, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri has maintained a Buy rating on Analog Devices (NASDAQ:ADI) but has reduced the price target from $210 to $200.
November 13, 2023 | 3:04 pm
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UBS has maintained a Buy rating on Analog Devices but lowered the price target from $210 to $200, indicating continued confidence but with a slightly reduced growth expectation.
The maintenance of a Buy rating suggests that UBS remains optimistic about Analog Devices' future performance. However, the reduction in the price target could reflect a more conservative view on the company's growth potential or market conditions, which may temper short-term investor enthusiasm. The impact is likely neutral in the short term as the positive sentiment from the Buy rating is balanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100