Analysts Bullish on Analog Devices (ADI) Following Q4 Results: AmTech, GC Research Upgrade, Citi Lifts Price Target
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Following last night's Q4 results from Analog Devices' (NYSE: ADI), we have several analysts out commenting on the stock:
- Broadpoint.AmTech upgraded the stock from Neutral to Buy, also raising its price target from $32 to $35.
- GC Research lifted its investment rating on ADI from Neutral to Overweight, with a raised price target of $34.
- Citi increased its price target on the stock from $36 to $37 while maintaining a Buy rating.
Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits used in industrial, communication, computer, and consumer applications.
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