JPMorgan Chase & Co. Initiates Coverage on ADI Global Distribution Inc. Common Stock (NYSE:ADIG)

Investment analysts at JPMorgan Chase & Co. initiated coverage on shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in a note issued to investors on Friday,Benzinga reports. The firm set a “neutral” rating and a $25.00 price target on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 5.26% from the stock’s current price.

Separately, Oppenheimer initiated coverage on ADI Global Distribution Inc. Common Stock in a report on Tuesday. They set an “outperform” rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, ADI Global Distribution Inc. Common Stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.50.

ADI Global Distribution Inc. Common Stock Price Performance

Shares of NYSE:ADIG opened at $26.39 on Friday. ADI Global Distribution Inc. Common Stock has a 12-month low of $21.00 and a 12-month high of $27.23.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ADI Global Distribution Inc. Common Stock stock. J.Safra Asset Management Corp purchased a new stake in shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,145 shares of the company’s stock, valued at approximately $1,175,000.

ADI Global Distribution, Inc is a wholesale distributor serving the security, low-voltage, and smart-building technology markets. The company supplies products from multiple manufacturers to professional installers, systems integrators, contractors, and other channel partners rather than selling primarily to consumers.

Its product categories include video surveillance equipment, access-control systems, intrusion and fire-alarm products, networking and data-communications equipment, audio-visual solutions, smart-home technologies, and related wire, cable, and installation accessories.