Credit Agricole Downgrades Marvell (MRVL) Following Q4 Results

February 24, 2012 10:59 AM EST
Get Alerts MRVL Hot Sheet
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
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Credit Agricole downgraded Marvell (NASDAQ: MRVL) from Buy to Outperform Friday morning on the heels of the company's Q4 report Thursday afternoon. The firm maintains a $19 price target on the stock.

After trading higher in the pre-open session, Marvell shares are now down 3 percent to around $15.56. Credit Agricole's price target represents potential upside of about 22 percent.

For an analyst ratings summary and ratings history on Marvell click here. For more ratings news on Marvell click here.


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