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Fly News Breaks for August 29, 2019
MXIM
Aug 29, 2019 | 09:16 EDT
Stifel analyst Tore Svanberg lowered his estimates for analog semiconductor suppliers, including Maxim Integrated, based on continued macro softness and his expectations for the overall analog industry to be down 11% year-over-year in 2019 with "only a modest" 1%-3% growth recovery in 2020. He lowered his price target for Maxim shares to $56 from $61 and keeps a Hold rating on the shares.
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