Susquehanna Downgrades MaxLinear to Neutral, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Christopher Rolland has downgraded MaxLinear (NASDAQ:MXL) from Positive to Neutral and reduced the price target from $26 to $15.
October 01, 2024 | 1:04 pm
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NEGATIVE IMPACT
Susquehanna has downgraded MaxLinear from Positive to Neutral, with a significant reduction in the price target from $26 to $15, indicating a less optimistic outlook.
The downgrade from Positive to Neutral and the substantial cut in the price target suggest a negative short-term outlook for MaxLinear. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100