Analog Devices (ADI) PT Lowered to $200 at Raymond James

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Piper Sandler downgrades Analog Devices (ADI) despite the company 'executing well'

August 24, 2023 10:06 AM EDT

Analog Devices (NASDAQ: ADI) was cut to Neutral from Overweight at Piper Sandler on Thursday, with analyst Harsh Kumar maintaining a $190 price target on the stock.

The analyst told investors in a note that they are downgrading the stock based on the macro uncertainty... More