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Fly News Breaks for December 14, 2017
MXL
Dec 14, 2017 | 07:17 EDT
After hosting investor meetings with management, Deutsche Bank analyst Ross Seymore says MaxLinear is well positioned for growth in 2018 and 2019. After facing two sizable revenue headwinds in 2017 from a decline in legacy businesses and inventory correction in China optical, MaxLinear expects solid improvements in 2018, Seymore tells investors in a research note. He keeps a Buy rating on the shares with a $30 price target.
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