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Fly News Breaks for May 1, 2019
MXIM
May 1, 2019 | 07:03 EDT
MKM Partners analyst Ruben Roy raised his price target on Maxim Integrated to $62 after its in-line Q3 results, saying the end market demand appears to be stabilizing. The analyst also cites the company having reduced its inventory days by lowering shipments to distribution customers. Roy adds that Maxim Integrated's execution has been solid in a "challenging environment", but sees the valuation on the stock reflecting the positives and keeps his Neutral rating.
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