Analog Devices (NASDAQ:ADI) Cut to "Hold" at Wall Street Zen

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Wall Street Zen has downgraded Analog Devices (NASDAQ:ADI) from “buy” to “hold,” despite the company’s strong fundamentals and generally positive analyst outlook. The semiconductor company recently surpassed earnings and revenue expectations, and most analysts still maintain a “buy” or “strong buy” rating with an average price target of $379.54. Insider selling has also been noted, although institutional investors and hedge funds maintain significant holdings.

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