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

Loading...
Loading...
In a research note published Monday morning, Raymond James upgraded Maxim Integrated
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.
Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst Ratings
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...