Oppenheimer Begins Coverage on ADI Global Distribution Inc. Common Stock (NYSE:ADIG)

Equities researchers at Oppenheimer initiated coverage on shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage set an “outperform” rating and a $30.00 price target on the stock. Oppenheimer’s price target indicates a potential upside of 20.63% from the company’s current price.

ADI Global Distribution Inc. Common Stock Stock Up 13.0%

Shares of NYSE:ADIG traded up $2.87 during trading on Tuesday, hitting $24.87. 892,993 shares of the company traded hands. ADI Global Distribution Inc. Common Stock has a one year low of $21.00 and a one year 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.