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

Oppenheimer initiated coverage on shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in a research report report published on Tuesday morning,Benzinga reports. The brokerage issued an outperform rating and a $30.00 target price on the stock.

ADI Global Distribution Inc. Common Stock Stock Performance

ADIG stock traded up $2.85 during midday trading on Tuesday, reaching $24.85. 898,002 shares of the stock were exchanged. ADI Global Distribution Inc. Common Stock has a 52 week low of $21.00 and a 52 week 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.