MaxLinear profits a bull in Wells Fargo (NYSE:MXL)

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.

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