Wells Fargo Maintains Overweight on MaxLinear, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley has maintained an Overweight rating on MaxLinear (NASDAQ:MXL) but lowered the price target from $45 to $35.
October 26, 2023 | 1:09 pm
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MaxLinear's price target has been lowered from $45 to $35 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo indicates a potential decrease in the short-term value of MaxLinear's stock. However, the maintained Overweight rating suggests that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100