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Analog Devices Now Rated a “Buy” at UBS (ADI)

Circuit maker Analog Devices, Inc. ( ADI ) on Monday caught a big upgrade from analysts at UBS.

The firm boosted its rating on ADI from "Neutral" to "Buy" with a $38 price target. That new target suggests a 10% upside to the stock's Friday closing price of $34.60.

UBS noted that leading indicators for the company's industrial segment are showing signs of bottoming, hence the upgrade.

Analog Devices shares were unchanged in premarket trading Monday.

The Bottom Line

Shares of Analog Devices ( ADI ) have a 2.89% dividend yield, based on Friday's closing stock price of $34.60. The stock has technical support in the $30-$32 price area. If the shares can firm up, we see overhead resistance around the $36-$38 price levels.

Analog Devices, Inc. ( ADI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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