Analog Devices (ADI) Upgraded to Neutral Before Earnings

by MarketNewsData

Seaport Global upgraded Analog Devices (ADI) from Sell to Neutral, signaling a more balanced view ahead of the company’s upcoming earnings report. Stock closed today $240.48 −1.37 (0.57%).

  • The firm believes near-term downside may be priced in after months of weak industrial demand.
  • ADI shares have struggled recently as macro pressures weigh on semis with broad exposure.

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