Goldman Sachs lowers price target on Analog Devices
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Goldman Sachs has lowered its price target on Analog Devices (ADI -4.5%) to $183 (vs $207 prior).
Its Buy rating on the stock remains unchanged.
Analog Devices hosted its Investor Day today, which included a discussion on its long-term vision and growth strategy, as well as strategic opportunities in the current business environment.
Shares are downÂ -11.15%Â YTD andÂ -3.91%Â over the past year.
Analog Devices is on SA's Catalyst watch for the week.