Susquehanna Maintains Positive on Analog Devices, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Christopher Rolland has maintained a Positive rating on Analog Devices (NASDAQ:ADI) but has reduced the price target from $215 to $210.

November 22, 2023 | 5:17 pm
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NEUTRAL IMPACT
Susquehanna has maintained a Positive rating on Analog Devices but lowered the price target from $215 to $210.
While the maintenance of a Positive rating suggests continued confidence in the company's performance, the reduction in price target could imply a slightly moderated growth expectation or market outlook. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the affirmation of the company's positive outlook and the slight decrease in the expected target price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100