🔴 ADI Global Distribution is trading 5.7% down amid broader market weakness

ADI Global Distribution is trading down 5.73% at $18.43 as broader markets weaken amid rising oil prices, Treasury yields and geopolitical concerns.

• On September 28, the S&P 500, Nasdaq and Dow were all lower.
• Evercore ISI initiated coverage on September 28 with an In Line rating and a $23.00 price target. It cited execution and timing uncertainties around margin expansion but did not attribute the stock’s decline to its action.