** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.