Loop Capital analyst Cody Acree lowered his price target on Maxim Integrated to $59 after its in-line Q1 results and below-consensus outlook for the following quarter. The analyst notes that the commentary suggesting slower demand through October is similar to that of the other broad analog chip companies, with much of the weakness centered in the company's industrial segment. Acree also keeps his Buy rating on Maxim Integrated longer term, stating that it's "well positioned to weather a period of softer demand with company-specific drivers that should allow it to perform toward the high end of the sector".