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Fly News Breaks for February 28, 2018
MXIM
Feb 28, 2018 | 07:41 EDT
Macquarie analyst Srini Pajjuri downgraded Maxim Integrated to Neutral citing valuation and raised its price target to $64 from $62. The analyst said said shares have significantly outperformed the SOX index year-to-date and believes healthy fundamentals are now backed in, combined with some M&A premium. Pajjuri believes further upside is limited on a fundamental basis and believes comps will get tougher in 2H 2018 and sees risk of higher volatility in Consumer as Samsung GS9 builds fade.
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