Analog Devices stock nears 52-week high as Barclays upgrade sharpens focus on earnings
Analog Devices shares rose 1.8% to $337.10 Friday after Barclays upgraded the stock to Overweight and raised its price target to $375. The move comes ahead of quarterly results due Feb. 18, with analysts expecting earnings of $2.30 per share on $3.12 billion revenue. Investors are watching for signals on industrial demand and inventory trends. The stock closed about 2% below its 52-week high.