UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Maxim Integrated Products
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.
Latest Ratings for MXIM
|Aug 2015||RBC Capital||Initiates Coverage on||Sector Perform|
|Jul 2015||Bank of America||Upgrades||Neutral||Buy|
|Jul 2015||Evercore Partners||Upgrades||Hold||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.