D.A. Davidson on Anadigics: Awaiting Long-Term Catalyst

D.A. Davidson lowered its Anadigics

price target from $2.25 to $2.00 and maintained its company Neutral rating in a research report published Friday. In the report, D.A. Davidson stated, "With Anadigics not providing formal guidance, and given the current market conditions and state of transition the company is in, we see it reasonable to implement a price target that reflects the current market and company outlook." Shares of Anadigics closed at $1.78 on Friday.