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ADI

Analog Devices

$148.58 /

+2.47 (+1.69%)

08:31
01/06/21
01/06
08:31
01/06/21
08:31

Analog Devices price target raised to $175 from $160 at KeyBanc

KeyBanc analyst John Vinh raised the firm's price target on Analog Devices to $175 from $160 and keeps an Overweight rating on the shares. The analyst views the current robust demand environment as positive for the broad-based analog group. Vinh anticipates upside to Q4 results and better than seasonal guidance, and also anticipates price increases will result in an upward bias to gross margins and continued margin expansion, while channel inventories remain extremely lean.

  • 11

    Jan

  • 12

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