Craig-Hallum Downgrades MaxLinear to Hold, Announces $25 Price Target
Portfolio Pulse from richadhand@benzinga.com
Craig-Hallum analyst Richard Shannon has downgraded MaxLinear (NASDAQ:MXL) from Buy to Hold and set a price target of $25.
July 27, 2023 | 12:04 pm
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MaxLinear has been downgraded from Buy to Hold by Craig-Hallum, with a new price target of $25.
The downgrade from Buy to Hold by a reputable analyst suggests a less optimistic outlook for the company's stock in the short term. The new price target of $25 may also influence investor sentiment and trading behavior, potentially leading to a decrease in the stock's price.
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