MaxLinear ceases shipments to Huawei and its affiliates
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MaxLinear (MXL) PT Lowered to $21 at Susquehanna
June 4, 2019 12:17 PM EDTSusquehanna analyst Christopher Rolland lowered the price target on MaxLinear (NYSE: MXL) to $21.00 (from $23.00) while maintaining a Neutral rating.
"Lowering estimates to reflect updated guidance after Huawei ban. As expected, Huawei was a mid to high-single digit customer, but growing," Rolland commented.
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