Susquehanna raised the firm’s price target on MaxLinear (MXL) to $18 from $15 and keeps a Neutral rating on the shares. The firm updated its model following solid Q2 results and even stronger guidance as the company benefits from strength across its strategic growth markets (notably high-speed optical interconnects), as well as a continued recovery in the core business.
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Read More on MXL:
- MaxLinear price target raised to $18 from $11 at Roth Capital
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