Analog Devices, Inc. shares have climbed 7 percent in the last three months, even after hitting a low of $53.47 on September 28. Barclays' Blayne Curtis downgraded the rating on the company from Overweight to Equal-Weight, while reducing the price target from $70 to $60. An inventory correction could take place in the near term, since the company's shipments to Apple Inc. have been much higher than expectations, Curtis said.