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UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Maxim Integrated Products

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In a report published Friday, Jefferies reiterated its Buy rating on Maxim Integrated Products (NASDAQ: MXIM), and raised its price target from $33.00 to $38.00.

Jefferies noted, “MXIM posted a $0.01 beat for both DecQ results and the MarQ outlook. In 2013, we expect MXIM's 8%-17% P/E valuation gap to its peers to close as new products in handsets and autos, and exposure to Samsung enables it to outgrow its peers for the 3rd yr in a row. MXIM is one of our top picks for 2013.”

Maxim Integrated Products closed on Thursday at $30.99.

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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