Truist Securities Maintains Buy on Analog Devices, Lowers Price Target to $266
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Analog Devices (NASDAQ:ADI) but has lowered the price target from $275 to $266.
August 22, 2024 | 1:08 pm
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Truist Securities has maintained a Buy rating on Analog Devices but reduced the price target from $275 to $266, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in ADI's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100