B of A Securities Maintains Buy on Analog Devices, Lowers Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained its Buy rating on Analog Devices (NASDAQ:ADI) but has lowered the price target from $260 to $255.
August 22, 2024 | 2:18 pm
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B of A Securities has maintained its Buy rating on Analog Devices but has lowered the price target from $260 to $255, indicating a slight decrease in expected valuation.
The maintenance of a Buy rating suggests continued confidence in ADI's performance, but the lowered price target indicates a slight reduction in expected future valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100