** Analog Devices ADI.O shares up ~1% at $211 premarket

** Benchmark starts coverage of chipmaker with "buy" and $245 PT

** Expects Maxim Integrated deal to unlock over $1 bln rev synergies by FY27 and enhance ADI's system-level solutions, capturing a larger share of semiconductor bill of materials

** "Strong AI-related demand in test and measurement, optical modules, and power solutions is expected to drive significant revenue growth from late 2025," adds brokerage

** Average rating of 32 analysts on ADI is "buy" and their mean PT is $251 -LSEG data

(Reporting by Rashika Singh in Bengaluru)

((rashika.singh@thomsonreuters.com))