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

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

Separately, Oppenheimer started coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Tuesday. They issued an “outperform” rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, ADI Global Distribution Inc. Common Stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.50.

ADI Global Distribution Inc. Common Stock Price Performance

Shares of ADIG opened at $26.39 on Friday. ADI Global Distribution Inc. Common Stock has a one year low of $21.00 and a one year high of $27.23.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ADI Global Distribution Inc. Common Stock stock. J.Safra Asset Management Corp acquired a new position in ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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.