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Fly News Breaks for September 12, 2018
MTSI
Sep 12, 2018 | 06:54 EDT
As previously reported, Stifel analyst Tore Svanberg downgraded Macom to Sell from Hold, arguing that multiple recent industry data points seem to suggest the analog and mixed-signal semiconductor markets are peaking. Amid the potentially peaking semi cycle, Svanberg is concerned that rising interest rates raise the risk for debt-heavy firms, which is how he identifies Macom. Svanberg cut his price target on Macom shares to $20 from $22.
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