Why Analog Devices' Stock Is Trading Higher Today

Analog Devices ADI shares are trading higher after Bernstein upgraded the stock from Market Perform to Outperform and raised its price target from $165 to $185 per share.

Analog Devices' stock has been rising Thursday, up 4.66% to a price of $160.53. Thursday the stock has been traded at a volume of 4.20 million, about 122.73% of its recent 30-day volume average of 3.43 million.

The stock's 50-day moving average was $154.59 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $164.4 and fallen to a low of $106.11.

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