Truist raised the firm’s price target on Macom (MTSI) to $136 from $125 and keeps a Buy rating on the shares. The company delivered strong Q1 results and Q2 outlook – Telecom stood out, posting upside as the cyclical recovery in 5G Infrastructure accelerates, though Industrial continues to lag, the analyst tells investors in a research note.
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Read More on MTSI:
- Macom price target raised to $150 from $125 at Barclays
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