Evercore ISI Group Initiates Coverage of ADI Global Distribution at In-Line
Fintel reports that on September 28, 2026, Evercore ISI Group initiated coverage of ADI Global Distribution (NYSE:ADIG) with a In-Line recommendation.
Prior to this coverage initiation, the stock recorded a closing price of $19.55 on September 25, 2026. On September 28, 2026, the latest closing price was recorded at $18.54. Over a one-week period, the price change was -11.38%, measured against a baseline close of $20.92 on September 21, 2026. Over a longer one-month timeframe, the price change was -16.15%, relative to a baseline closing price of $22.11 on August 28, 2026.
ADI Global Distribution last reported earnings on August 13, 2026. During this period, the company reported actual revenue of $1,286,000,000.00, compared to the revenue estimate of $1,281,120,000.00. The actual earnings per share (EPS) was 0.079, which differed from the EPS estimate of 0.5355, representing an EPS surprise percent of -85.25%.
Separately from Evercore ISI Group's individual rating, the broader market consensus target data as of September 16, 2026, shows a mean target price of $30.26 and a median target price of $30.60. This mean target represents an implied change percent of +63.21% from the stock's valuation. Additionally, aggregate recommendation data for the period of September 1, 2026, shows a total of 10 recommendations. This total includes 3 strong buy, 4 buy, 3 hold, 0 sell, and 0 strong sell recommendations. The positive recommendation percentage stands at 70.0%, the hold percentage is 30.0%, and the negative percentage is 0.0%.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 28, 2026 | Evercore ISI Group | In-Line | initiated coverage |
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This story originally appeared on Fintel.