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Fly News Breaks for April 13, 2016
MXWL
Apr 13, 2016 | 07:47 EDT
Canaccord analyst Jed Dorsheimer called Maxwell's sale of its microelectronics product line a "positive surprise" that he thinks will allow the company to narrow its focus and should give management more time to execute on its strategy. However, he refrains from updating estimates on this news and keeps a Hold rating and $5.50 price target on the stock.
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