MaxLinear shares are trading lower after Susquehanna downgraded the stock from Positive to Neutral and cut its price target from $26 to $15.
Portfolio Pulse from Benzinga Newsdesk
MaxLinear shares fell after Susquehanna downgraded the stock from Positive to Neutral and reduced its price target from $26 to $15.
October 01, 2024 | 5:27 pm
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NEGATIVE IMPACT
MaxLinear's stock experienced a decline following Susquehanna's downgrade from Positive to Neutral, with a significant price target cut from $26 to $15.
The downgrade by Susquehanna from Positive to Neutral indicates a less favorable outlook on MaxLinear's performance. The significant reduction in the price target from $26 to $15 suggests that the firm expects lower future stock performance, likely leading to short-term selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100