Wells Fargo increases MaxLinear (NYSE:MXL) by Equal-Weight to Overweight using a $23 goal, a 63% upside down. The business includes a Bullish typical supermarket Negative score.
Yesterday, MaxLinear bought Intel’s house gateway platform resources including $150M and reduced its Q1 earnings guidance as a result of coronavirus pandemic.
MaxLinear stocks are up 6 percent to $14. 98.