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ADI - Analog Devices Inc News Story

$148.88 4.4  3.0%

Last Trade - 05/03/21

Sector
Technology
Size
Large Cap
Market Cap £39.68bn
Enterprise Value £42.64bn
Revenue £4.23bn
Position in Universe 213th / 6651

BUZZ-Analog Devices: Record high as Evercore upgrades, raises PT to Street high

Mon 9th November, 2020 3:21pm
** Shares of the chipmaker  ADI.O  gain as much as 5.1% to
hit a record high of $140.38
    ** Brokerage Evercore upgrades to "outperform" from "in
line"; hikes PT to a Street high of $160 from $135
    ** ADI well-positioned to benefit from a broad-based market
recovery and increasing 5G spending will support growth -
brokerage
    ** Analog has largest industrial exposure among peer group
(~50% of revenues), with strong sub-segment exposure to areas
such as factory automation and healthcare - Evercore
    ** Shares also supported by a broad-based market rally
following promising Pfizer  PFE.N  COVID-19 vaccine trial
data urn:newsml:reuters.com:*:nL4N2HV3Q3
    ** Current avg. rating of 24 analysts is "buy" and median PT
is $140
    ** Up to Friday's close, stock had risen ~12% this year

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))
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