Morgan Stanley Maintains Overweight on Analog Devices, Lowers Price Target to $219-REPORT RELEASED ON 21 NOVEMEBER 2023
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Overweight rating on Analog Devices (NASDAQ:ADI) but reduced the price target from $225 to $219.

November 22, 2023 | 2:05 pm
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Morgan Stanley has maintained its Overweight rating on Analog Devices but lowered the price target from $225 to $219, indicating a slightly reduced but still positive outlook.
The reduction in price target by Morgan Stanley suggests a minor adjustment in the expected performance of Analog Devices. While the Overweight rating indicates continued confidence in the company's prospects, the lower price target may slightly dampen investor enthusiasm in the short term. However, since the rating remains positive, the overall impact on the stock price is likely to be neutral to mildly positive.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100