Analog Devices shares are trading higher after Edward Jones upgraded the stock from Hold to Buy.
Portfolio Pulse from Benzinga Newsdesk
Analog Devices, Inc. (ADI) shares have risen following an upgrade from Edward Jones, changing their recommendation from Hold to Buy.
December 22, 2023 | 11:29 am
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Edward Jones upgraded Analog Devices from Hold to Buy, which has led to an increase in the stock's trading price.
Analyst upgrades are significant indicators for investors and can lead to increased investor confidence and buying activity. The upgrade from Edward Jones suggests a positive outlook for ADI, which can attract more buyers, thus potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100