Cantor Fitzgerald Initiates Coverage On Analog Devices with Neutral Rating, Announces Price Target of $205
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst C J Muse has initiated coverage on Analog Devices (NASDAQ:ADI) with a Neutral rating and set a price target of $205.

January 23, 2024 | 9:43 am
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NEUTRAL IMPACT
Cantor Fitzgerald has initiated coverage on Analog Devices with a Neutral rating and a price target of $205.
The initiation of coverage by Cantor Fitzgerald with a Neutral rating suggests that the analyst sees the stock as fairly valued at its current price. The price target of $205 indicates a potential direction for the stock price but does not imply significant upside or downside, hence the neutral impact score. The relevance is high as the news is directly about ADI, and the importance is significant for investors considering the influence of analyst ratings on stock performance. The confidence level is high due to the clear stance of the analyst, although market reactions to analyst ratings can be unpredictable.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100