Maxim Integrated Products (MXIM) Tops Q1 EPS by 1c; Guides Q2

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Maxim Integrated (MXIM) PT Bumped to $45 at Jefferies Following In-Line Results on Note 7 Impact

October 21, 2016 7:43 AM EDT

Jefferies analyst Mark Lipacis reiterated a Buy rating and lifted his price target on Maxim Integrated Products (NASDAQ: MXIM) to $45.00 (from $42.00) following in-line Q1 results. The analyst noted auto, industrial, and optical strength offset the Samsung Note 7 impact.

Lipacis commented, "With MXIM's... More