Market Overview

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

Share:
Related MXIM
Microsemi Takeover 'Would Be Early,' But Co. Could Become M&A Asset 'Shortly'
25 Stocks Which Rallied Four Days, Then Sold Off Yesterday

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
Sep 2016RBC CapitalDowngradesOutperformSector Perform
Aug 2016BarclaysMaintainsEqual-Weight
Jul 2016UBSMaintainsNeutral

View More Analyst Ratings for MXIM
View the Latest Analyst Ratings

Posted-In: Analyst Color News Upgrades Price Target Analyst Ratings

 

Related Articles (MXIM)

View Comments and Join the Discussion!