Deutsche Bank Downgrades MaxLinear to Hold, Announces $23 Price Target
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Ross Seymore has downgraded MaxLinear (NASDAQ:MXL) from Buy to Hold and set a price target of $23.
October 19, 2023 | 8:44 am
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MaxLinear's stock has been downgraded by Deutsche Bank from Buy to Hold, with a new price target of $23.
The downgrade from Buy to Hold by Deutsche Bank indicates a less optimistic outlook for MaxLinear's stock. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $23 also provides a benchmark that could influence investor sentiment and trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100