Marvell (MRVL) PT Lowered to $22 at Susquehanna
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Price: $227.94 +5.00%
Rating Summary:
49 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 15 | New: 9
Rating Summary:
49 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 15 | New: 9
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Susquehanna analyst Christopher Rolland lowered the price target on Marvell (NASDAQ: MRVL) to $22.00 (from $23.00) while maintaining a Positive rating.
Rolland commented, "Marvell adversely revised 4Q18 guidance down -850 bps in an extremely challenging storage environment. Given well-known headwinds, we believe much of this weakness was already expected."
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