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Stock Market & Financial Investment News

News Breaks
July 25, 2014
08:33 EDTMXIMMaxim Integrated consumer business poised to rebound, says BMO Capital
After Maxim Integrated reported weaker than expected Q4 results, BMO Capital nonetheless continues to believe that the company's consumer business should rebound as it ramps up newer product categories in the December quarter. The firm thinks the rest of the company's business is continuing to perform in-line with expectations. It cut its price target on the shares to $34 from $38 but keeps an Outperform rating.
News For MXIM From The Last 14 Days
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December 19, 2014
10:17 EDTMXIMOn The Fly: Analyst Downgrade Summary
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07:43 EDTMXIMMaxim Integrated downgraded to Underperform from Neutral at BofA/Merrill
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06:35 EDTMXIMMaxim Integrated downgraded to Neutral from Buy at Goldman
Goldman downgraded Maxim Integrated to Neutral based on headwinds from the consumer segment. The firm notes the company is actively trying to diversify its customer base and end market exposure and sadi capital allocation provides a floor. Price target remains $31.
December 18, 2014
06:24 EDTMXIMMaxim Integrated downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Maxim Integrated to Neutral after assuming coverage of the stock citing the company's dependence on its largest customer, Samsung. Citi notes Samsung is having problems with its cell phone business. It lowered its price target for Maxim shares to $30 from $33.
December 14, 2014
17:21 EDTMXIMNasdaq announces annual re-ranking of the NASDAQ-100
The NASDAQ OMX Group (NDAQ) announced the results of the annual re-ranking of the NASDAQ-100 (NDX), which will become effective prior to market open on Monday, December 22. The following three companies will be added to the Index: American Airlines Group (AAL), Electronic Arts (EA) and Lam Research (LRCX). As a result of the revision in the index methodology allowing multiple share classes of index participants to be included in the index, the following three securities will also be added to the index: Comcast Corporation Class A Special (CMCSK), Twenty-First Century Fox Class B (FOX) and Liberty Global plc Class C (LBTYK). As a result of the re-ranking, the following three companies will be removed from the Index: Expedia (EXPE), F5 Networks (FFIV) and Maxim Integrated Products (MXIM).
December 10, 2014
08:16 EDTMXIMBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link

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