Goldman Dubs Analog Devices (ADI) a Conviction Buy
Posted: Wednesday, November 18, 2009 1:34 PM EDT
By: Market Intelligence Center Staff
Analog Devices (NYSE: ADI) opened at $28.90. So far today, the stock has hit a low of $28.17 and a high of $28.90. ADI is now trading at $28.27, up $0.08 (0.28%). Over the last 52 weeks the stock has ranged from a low of $15.29 to a high of $29.71. Analysts at Goldman Sachs added ADI to Goldman's Conviction Buy list this morning. Technical indicators for the stock are neutral and S&P gives ADI a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ADI the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Analog Devices (ADI) Stock ReportSee what our analysts have uncovered about Analog Devices (ADI).