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Oppenheimer Starts ADI Global Distribution (ADIG) at Outperform

Tue, 04 Aug 2026 06:34:25 -0400

Oppenheimer analyst Ian Zaffino initiates coverage on ADI Global Distribution (NYSE: ADIG) with a Outperform rating and a price target of $30.00.

The analyst comments "We initiate coverage of ADI Global Distribution with an Outperform rating and a $30 price target. Spun from Resideo on August 4, ADIG is the No. 1 North American specialty distributor of low-voltage security, audio-visual, and fire/life-safety products. The company should benefit from several tailwinds in the commercial end-market (e.g., retrofit, technology-refresh, connected-device adoption), which should drive 4-6% organic growth; $80M+ of run-rate savings by end-2027, and a richer mix of exclusive-brands and digital sales, should

Oppenheimer Starts ADI Global Distribution (ADIG) at Outperform

Tue, 04 Aug 2026 06:34:25 -0400

Oppenheimer analyst Ian Zaffino initiates coverage on ADI Global Distribution (NYSE: ADIG) with a Outperform rating and a price target of $30.00.

ADI Global Distribution completes spin-off from Resideo, begins NYSE trading

Tue, 04 Aug 2026 06:01:16 -0400

ADI Global Distribution Inc. (NYSE: ADIG) has completed its spin-off from Resideo Technologies, Inc. and begun trading as an independent publicly traded company on the New York Stock Exchange under the ticker symbol "ADIG."

The separation was completed through a distribution of ADI shares to Resideo shareholders. Each Resideo common shareholder of record as of July 20, 2026, received one share of ADI common stock for every two shares of Resideo common stock held.

ADI describes itself as a global specialty distributor of professionally installed low-voltage products, serving residential and commercial markets. The company reported $4.8 billion in revenue in 2025 and

ADI Global Distribution completes spin-off from Resideo, begins NYSE trading

Tue, 04 Aug 2026 06:01:16 -0400

Resideo completes ADI Global Distribution spin-off, lists on NYSE

Tue, 04 Aug 2026 06:00:34 -0400

Resideo Technologies (NYSE: REZI) completed the spin-off of ADI Global Distribution Inc. on Aug. 4, 2026, with ADI beginning trading on the New York Stock Exchange under the ticker symbol "ADIG."

The spin-off was executed through a distribution of all issued and outstanding shares of ADI common stock to Resideo shareholders at a ratio of one ADI share for every two Resideo shares held as of the close of business on July 20, 2026. Shareholders received cash in lieu of fractional shares.

In connection with the transaction, Resideo repaid $900 million of outstanding principal under its Term Loan B credit facility. The

Resideo completes ADI Global Distribution spin-off, lists on NYSE

Tue, 04 Aug 2026 06:00:34 -0400

Resideo Technologies (NYSE: REZI) completed the spin-off of ADI Global Distribution Inc. on Aug. 4, 2026, with ADI beginning trading on the New York Stock Exchange under the ticker symbol "ADIG."

In connection with the transaction, Resideo repaid $900 million of outstanding principal under its Term Loan B credit facility. The

Resideo completes ADI Global Distribution spin-off, lists on NYSE

Tue, 04 Aug 2026 06:00:34 -0400

Resideo Technologies (NYSE: REZI) completed the spin-off of ADI Global Distribution Inc. on Aug. 4, 2026, with ADI beginning trading on the New York Stock Exchange under the ticker symbol "ADIG."

In connection with the transaction, Resideo repaid $900 million of outstanding principal under its Term Loan B credit facility. The

Resideo Technologies Completes Spin-Off of ADI Global Distribution