Barclays Maintains Equal-Weight on Analog Devices, Raises Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Equal-Weight rating on Analog Devices (NASDAQ:ADI) and increased the price target from $180 to $185.
January 16, 2024 | 5:04 pm
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Barclays has maintained an Equal-Weight rating on Analog Devices and raised the price target from $180 to $185, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a positive adjustment in the valuation of Analog Devices, which could lead to increased investor confidence and a potential short-term rise in the stock price. The Equal-Weight rating suggests that the stock is adequately valued at the moment, but the raised target indicates an expectation of some growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100