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UPDATE: Raymond James Upgrades Maxim Integrated Products, Inc. to Strong Buy, Raises PT to $37.00

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In a research note published Monday morning, Raymond James upgraded Maxim Integrated (NASDAQ: MXIM) from Outperform to Strong Buy; the price target was raised from $33 to $37.

Analyst J. Steven Smigie said,"Maxim's gains in the mobile sector have allowed the company to outperform comparables."

Other notable catalyst for both the ratings upgrade and price target increase:

  • Maxim is indicating growing dollar content with Samsung
  • Maxim has among the highest gross margins and should have one of the best revenue growth rates in the mobile sector
  • Maxim's valuation is one of the lowest in the group, which creates a positive risk/reward profile.

Maxim shares are up 2.2 percent to around $30.29 at last check.

Latest Ratings for MXIM

DateFirmActionFromTo
Jun 2016Bank of AmericaDowngradesBuyNeutral
Jun 2016Goldman SachsInitiates Coverage onNeutral
May 2016CLSAInitiates Coverage onUnderperform

View More Analyst Ratings for MXIM
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Posted-In: Analyst Color News Upgrades Price Target Analyst Ratings

 

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