Stifel analyst Tore Svanberg noted that CNBC reported late yesterday that Renesas (RNECY) is in talks to buy Maxim Integrated (MXIM). Even though Renesas has denied the rumors, such a deal would make strategic sense, said Svanberg, who believes Maxim may have been a potential suitor for Intersil, which Renesas agreed to acquire two years ago. Both companies have focused heavily on the Industrial end markets and a potential merger would enable both to achieve significantly greater scale, added the analyst. Following the report, Svanberg keeps a Buy rating on Maxim and raised his price target on the shares to $73 from $63.