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Fly News Breaks for October 31, 2018
MXIM
Oct 31, 2018 | 09:11 EDT
SunTrust analyst William Stein lowered his price target on Maxim Integrated to $51 and kept his Hold rating, saying the company has acknowledged the start of the downturn with a lower guided Q4 following an in-line set of results in Q3. The analyst notes that the impact of the trade tariffs are starting to emerge - particularly on the industrial end market - adding that his stock-specific concerns around consumer exposure and high valuation also remain.
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