Canaccord Genuity Maintains a 'Buy' on Maxwell Technologies (MXWL); In-line Quarter; Bullish Ultracap Opportunity Remains

Canaccord Genuity maintains a 'Buy' on Maxwell Technologies (NASDAQ: MXWL) price target of $24.00.

Analyst, Jonathan Dorsheimer, said, "We maintain our rating on MXWL shares following an in-line quarter and no apparent change in the company’s LT opportunity...We continue to see strong demand prospects in the company’s key ultracapacitor markets, including hybrid transport and engine start as well as SSD and smart meters, despite some temporary softness in the China wind market."

For an analyst ratings summary and ratings history on Maxwell Technologies click here. For more ratings news on Maxwell Technologies click here.

Shares of Maxwell Technologies closed at $21.04 yesterday.

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