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Fly News Breaks for January 29, 2020
Jan 29, 2020 | 09:16 EDT
Loop Capital analyst Cody Acree raised his price target on Maxim Integrated to $74 and kept his Buy rating after its Q2 earnings beat while noting that accelerating demand is expected to resume next quarter. The analyst states that the company's channel inventories remain "lean" with particular strength seen in Comms and Data Center for optical 100G and 25G solutions. Given the strength of 25Gbps for 5G base stations and 100Gbps in data centers, Acree expects Maxim's Q3 demand environment to remain robust.
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