UPDATE - UBS Upgraded Maxim Integrated Products (MXIM) to Buy; Favorable Risk/Reward
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Price: $103.14 --0%
Rating Summary:
9 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
Rating Summary:
9 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
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UPDATE - UBS upgraded Maxim Integrated Products (NASDAQ: MXIM) from Neutral to Buy, price target raised from $23 to $28.
UBS analyst says, "Following our sector upgrade, we upgrade Maxim to Buy from Neutral as we expect it to benefit from strong products cycle in handsets, auto, smart meters, and touch controller in 2012 as our recent checks show solid demand from handset customers. Also Maxim’s lower exposure to distributors relative to its peers reduces risk from distributor inventory correction. Although our near term estimates are still below consensus due to anticipation of destocking by key customer in Dec Qtr, we raise our FY2013 estimates to account for improvement in industrial."
"We raise our estimates for MXIM based on growth driven by handsets, autos & touch. In handsets, we expect MXIM to gain share at Nokia (NYSE: NOK) and HTC. For touch, MXIM will likely leverage its analog integration capabilities to win designs." (FY13 EPS estimate from $1.78 to $1.89)
To see more ratings changes on MXIM, Click Here
UBS analyst says, "Following our sector upgrade, we upgrade Maxim to Buy from Neutral as we expect it to benefit from strong products cycle in handsets, auto, smart meters, and touch controller in 2012 as our recent checks show solid demand from handset customers. Also Maxim’s lower exposure to distributors relative to its peers reduces risk from distributor inventory correction. Although our near term estimates are still below consensus due to anticipation of destocking by key customer in Dec Qtr, we raise our FY2013 estimates to account for improvement in industrial."
"We raise our estimates for MXIM based on growth driven by handsets, autos & touch. In handsets, we expect MXIM to gain share at Nokia (NYSE: NOK) and HTC. For touch, MXIM will likely leverage its analog integration capabilities to win designs." (FY13 EPS estimate from $1.78 to $1.89)
To see more ratings changes on MXIM, Click Here
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