Truist Securities Maintains Buy on Analog Devices, Lowers Price Target to $206
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein has maintained a Buy rating on Analog Devices (NASDAQ:ADI) but reduced the price target from $213 to $206.
November 22, 2023 | 3:52 pm
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Truist Securities maintains a Buy rating on Analog Devices but lowers the price target from $213 to $206.
The reduction in price target may cause some investors to adjust their valuation models, potentially leading to a short-term negative sentiment. However, the maintenance of a Buy rating suggests that the overall outlook for the company remains positive, which could balance the impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100