Morgan Stanley Upgrades Analog Devices to Overweight, Raises Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has upgraded Analog Devices (NASDAQ:ADI) from Equal-Weight to Overweight and increased the price target from $176 to $225.

November 17, 2023 | 9:18 am
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Analog Devices was upgraded by Morgan Stanley from Equal-Weight to Overweight with a raised price target from $176 to $225.
Upgrades by prominent analysts like those from Morgan Stanley can lead to increased investor confidence and a potential short-term rise in the stock price. The substantial increase in the price target suggests a positive outlook on the company's future performance, which may influence investors to adjust their positions accordingly.
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