TD Cowen lowered the firm’s price target on Analog Devices (ADI) to $260 from $270 and keeps a Buy rating on the shares. The firm said investors may be disappointed as seasonal declines delay the GM/OM recovery, but clean inventory position should bode well when demand improves.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADI:
- Analog Devices price target lowered to $220 from $235 at Piper Sandler
- Analog Devices, Inc. Reports Resilient Fiscal 2024 Performance
- Analog Devices, Inc. Earnings Report: Is it a Beat?
- Analog Devices price target raised to $250 from $245 at BofA
- Analog Devices sees revenue recovering coming out of Q1 seasonality
