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Fly News Breaks for September 12, 2018
MXIM
Sep 12, 2018 | 06:51 EDT
As previously reported, Stifel analyst Tore Svanberg downgraded Maxim Integrated to Hold from Buy, arguing that multiple recent industry data points seem to suggest the analog and mixed-signal semiconductor markets are peaking. While he thinks Maxim is well positioned to benefit from secular trends, he worries this could be overshadowed by a broader slowdown in the overall analog semi industry, Svanberg tells investors. He also has concerns about tariff-related uncertainties and thinks the company's solid execution may already be priced into the stock. Svanberg lowered his price target on Maxim shares to $65 from $75.
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