Analog Devices Shares Rise After Wells Fargo Upgrade

MT Newswires Live

01/16

Analog Devices (ADI) shares rose 1.4% in recent Thursday trading after Wells Fargo upgraded the chipmaker's stock to overweight from equal weight and raised the price target to $340 from $265.

Trading volume stood at more than 1.9 million shares, compared with a daily average of about 3.7 million.

Price: 302.28, Change: +4.28, Percent Change: +1.44

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