Loop upgrades MaxLinear to Buy with ‘room left to run’

Loop Capital upgraded MaxLinear (MXL) to Buy from Hold with a price target of $75, up from $17, following the earnings report. Although h the stock has nearly tripled this year, Loop’s work “strongly suggests this train has a lot of room left to run,” the analyst tells investors in a research note. The firm says MaxLinear’s recent results confirmed the company’s momentum.