UPDATE: Barclays Reiterates Analog Devices at Equal Weight; Trough In Sight

Barclays maintained its Equal Weight rating and $40 price target on Analog Devices (NASDAQ: ADI ). Barclays noted, "In step directionally but perhaps a bit weaker than buyside expectations, ADI offered cautious commentary on its Jan Q outlook, highlighting macro uncertainty that is weighing, in particular, on industrial demand.