MaxLinear (MXL -7%) takes a hit after Morgan Stanley cut the shares to overweight and removed...

|By:, SA News Editor

MaxLinear (MXL -7%) takes a hit after Morgan Stanley cut the shares to overweight and removed its $12 price target after the company cut its FY12 EPS targets. In additon to the lowered EPS targets, Morgan also cites weakness in the company's consumer end-market.