Morgan Stanley Maintains Overweight on Analog Devices, Raises Price Target to $257
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Overweight rating on Analog Devices (NASDAQ:ADI) and raises the price target from $250 to $257.
August 22, 2024 | 5:57 pm
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Morgan Stanley's analyst Joseph Moore has reaffirmed an Overweight rating for Analog Devices and increased the price target from $250 to $257, indicating a positive outlook.
The increase in price target from $250 to $257 by Morgan Stanley suggests a positive outlook for Analog Devices, likely boosting investor confidence and potentially driving the stock price up in the short term.
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