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Stock Market & Financial Investment News

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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.
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