Reported 1 day ago
UBS analyst Timothy Arcuri has lowered the price target for Analog Devices, Inc. (NASDAQ:ADI) from $295 to $285 while maintaining a 'Buy' rating. This change reflects a slight drop in the company’s projections for the latter half of the year, impacted by the automotive segment's 'pull-ins.' Despite the adjustment, Arcuri expressed confidence in ADI's strong position in key markets such as electric vehicles and advanced driver-assistance systems, while also noting potential demand challenges due to tariffs.
Source: YAHOO