Marvell (MRVL) PT Raised to $26 at Susquehanna
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Price: $222.02 -0.07%
Rating Summary:
49 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
49 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Susquehanna analyst Christopher Rolland raised the price target on Marvell (NASDAQ: MRVL) to $26.00 (from $24.00) while maintaining a Positive rating.
"Expectations are likely low enough for C1Q19, but Huawei suspension will likely weigh on C2Q19 guide. 2H19 Street still implies a challenging ramp, but we believe investors are more interested in 5G ramp and exit run-rate for 2019," Rolland commented.
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