Maxim Integrated upgraded to Buy from Neutral at Citigroup Citigroup upgraded Maxim Integrated to Buy citing the company's new product design wins. Citi sees upside in Maxim shares following new content in the Samsung S5 and potentially Apple's next gen iPhone 6. Citi raised its price target for shares to $40 from $35.
News For MXIM From The Last 14 Days
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Semiconductors sector downgraded to Cautious from Neutral at Goldman Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.