UPDATE: Stifel Nicolaus Raises PT on Maxim Integrated Products to $30

Stifel Nicolaus is out with its report today on Maxim Integrated Products MXIM, raising its PT on MXIM from $28 to $30. In a note to clients, Stifel Nicolaus writes, "We maintain a Buy rating on MXIM stock. Our revised 12-month price target of $30 (up from $28) is based on 15.6x CY12E GAAP EPS ex-charges and 3.1x CY12E EV/sales." At the time of posting, shares of MXIM were trading pre-market at $22.60, up 0.09% from Thursday's close.