MaxLinear price target raised to $48 from $46 at Susquehanna

Susquehanna analyst Christopher Rolland raised the firm’s price target on MaxLinear to $48 from $46 and keeps a Positive rating on the shares. The analyst said while MaxLinear posted generally in-line 4Q results, March guidance was significantly worse as excess channel inventory in Broadband, Connectivity and Industrial/MM is expected to overhang until 2H23.