Brokerages lift Analog Devices PT on strong chip demand
** At least six brokerages lift chipmaker Analog Devices ADI.O PT between $230 and $280
** ADI forecast Q3 revenue and profit above estimates on Wednesday
** "The bookings/backlog strength combined with inventory normalization are giving us and the team confidence in a recovery profile in the 2H of the year and into 2025 through the 2H of the year" - J.P.Morgan
** Twenty of 32 brokerages rate the stock "buy" or higher, 12 "hold"; their median PT is $250
** Up to last close, ADI stock rose ~21%, YTD
Reporting by Priyanka.G
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