Sterne Agee Upgrades Analog Devices (ADI) as Orders Look to Stabilize in Q1, Shares up Slightly
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Price: $376.63 -3.5%
Rating Summary:
31 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 4 | New: 3
Rating Summary:
31 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 4 | New: 3
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Shares of Analog Devices Inc. (NYSE: ADI) are now only trading up slightly on the day to $35.39 after opening at $36.47 on a Sterne Agee upgrade.
The firm upgraded shares of ADI to a Buy rating and increased its price target from $50 to $42. Analysts at the firm forecast there will be order stabilization in the first quarter, following "two quarters of industrial order and channel contractions," as a result of economy activity in the U.S. and monetary-policy easing in China.
The firm upgraded shares of ADI to a Buy rating and increased its price target from $50 to $42. Analysts at the firm forecast there will be order stabilization in the first quarter, following "two quarters of industrial order and channel contractions," as a result of economy activity in the U.S. and monetary-policy easing in China.
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