RBC Capital Downgrades Maxim Integrated Products (MXIM) to Sector Perform

September 7, 2016 6:23 AM EDT
Get Alerts MXIM Hot Sheet
Price: $42.03 +1.55%

Rating Summary:
    16 Buy, 13 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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RBC Capital downgraded Maxim Integrated Products (NASDAQ: MXIM) from Outperform to Sector Perform with a price target of $40.00 on valuation.

Analyst Amit Daryanani commented, "We are reducing our rating from Outperform to Sector Perform. Given recent share appreciation, we believe that MXIM's discount vs. peers is fairly modest, and MXIM's self-help lever execution over the past few quarters moves the long thesis becomes more revenue-centric."

For an analyst ratings summary and ratings history on Maxim Integrated Products click here. For more ratings news on Maxim Integrated Products click here.

Shares of Maxim Integrated Products closed at $40.55 yesterday.

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