Seaport Global Securities Upgrades Analog Devices (ADI) to Neutral

Seaport Global Securities analyst Jay Goldberg upgraded Analog Devices (NASDAQ: ADI) from Sell to Neutral.

The analyst comments "We thought the analog inventory cycle was not going to improve and the macro economy was slowing. We were wrong. While we see no strong catalysts, it now appears conditions will not deteriorate and inventories may start to improve. Market risk appetite has also grown considerably. We are upgrading both TXN and ADI to Neutral from Sell, and raising our estimates to consensus."

For an analyst ratings summary and ratings history on Analog Devices click here. For more ratings news on Analog Devices click here.

Shares of Analog Devices closed at $241.85 yesterday.

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