ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Now Covered by Analysts at Oppenheimer

Analysts at Oppenheimer started coverage on shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in a report released on Tuesday,Benzinga reports. The firm set an “outperform” rating and a $30.00 price target on the stock. Oppenheimer’s price target points to a potential upside of 20.63% from the stock’s previous close.

ADI Global Distribution Inc. Common Stock Trading Up 13.0%

ADIG stock traded up $2.87 during trading hours on Tuesday, reaching $24.87. 892,993 shares of the stock were exchanged. ADI Global Distribution Inc. Common Stock has a 12 month low of $21.00 and a 12 month high of $26.00.

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.