MaxLinear (MXL) Tops Q1 EPS by 2c

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MaxLinear (MXL) PT Raised to $36 at Stifel Following 1Q Report; 'Diversification of Business Helps Deliver Return to Sequential Growth'

May 10, 2017 7:35 AM EDT

Stifel raised its price target on MaxLinear (NYSE: MXL) to $36.00 (from $34.00) while maintaining a Buy rating, following the company's first quarter earnings report.

Analyst Tore Svanberg notes the company reported first quarter earnings per share and revenues in-line with consensus projections, fueled by growth... More