Barclays Quarterly Preview on Marvell (MRVL): Expects Broadly In-line, Upside Guidance Baked In

Barclays maintains an 'Equalweight' on Marvell (NASDAQ: MRVL) price target of $15.00.

Analyst, Blayne Curtis, said, "We believe the HDD recovery and STX gains
are already in the current estimates (see Figure 2) and we continue to see few
material growth drivers outside of the HDD recovery as competition/price erosion
increases in TD, RIM continues to struggle, and gaming/printing WLAN is likely
depressed this year. Given the recent pull-back, we do see limited downside given the strong cash/cash flow/buyback but see the upside limited as well."

Curtis sees April Qtr at $0.21 and $769 million.

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

Shares of Marvell closed at $13.81 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BMO Capital Starts Marvell (MRVL) at Outperform
• Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
• Cummins (CMI) PT Lowered to $675 at Jefferies