FBR Capital Upgrades Maxim Integrated Products (MXIM) to Outperform; Impressive Results and Guidance with 2011 Likely Solid
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Price: $31.61 +1.02%
Rating Summary:
15 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
15 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade MXIM Now!
FBR Capital upgrades Maxim Integrated Products, Inc. (Nasdaq: MXIM) from Market Perform to Outperform. Raises PT from $22 to $29.
FBR analyst says, "Thursday, Maxim reported upside results and guidance, and provided another data point that the chip sector is likely to see a still-very profitable "soft landing" in 4Q10 and 1Q11 as tight supply conditions normalize. As such, we are upgrading shares to Outperform. Firms like Maxim, TI (NYSE: TXN), and Broadcom (Nasdaq: BRCM) exemplify that the industry is growing revenues beyond 2008 pre-recession levels, and at much higher profitability levels than ever before achieved (and with share buybacks, dividends) as firms mature and deliver shareholder value."
To see all the upgrades/downgrades on shares of MXIM, visit our Analyst Ratings page.
Shares finished trading at $19.66 yesterday.
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FBR analyst says, "Thursday, Maxim reported upside results and guidance, and provided another data point that the chip sector is likely to see a still-very profitable "soft landing" in 4Q10 and 1Q11 as tight supply conditions normalize. As such, we are upgrading shares to Outperform. Firms like Maxim, TI (NYSE: TXN), and Broadcom (Nasdaq: BRCM) exemplify that the industry is growing revenues beyond 2008 pre-recession levels, and at much higher profitability levels than ever before achieved (and with share buybacks, dividends) as firms mature and deliver shareholder value."
To see all the upgrades/downgrades on shares of MXIM, visit our Analyst Ratings page.
Shares finished trading at $19.66 yesterday.
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*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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