Deutsche Bank analyst Ross Seymore recommends using the post-earnings pullback in shares of MaxLinear as a buying opportunity. The company's quarter was solid but its Q3 outlook reflected a faster than expected fall-off of its legacy video SoC business and lesser benefits from recent acquisitions, Seymore tells investors in a post-earnings research note. Estimates are now "significantly de-risked" and the company's underlying growth drivers should become increasingly apparent heading into 2017, the analyst contends. He lowered his price target for MaxLinear to $25 from $30 and keeps a Buy rating on the shares.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSImpinj (PI) up... To see the rest of the story go to thefly.com. See Story Here