Barclays Maintains an 'Equalweight' on Marvell (MRVL); Downside Remains Limited but Growth Catalysts Still Lacking
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Price: $222.02 --0%
Rating Summary:
49 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
49 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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Barclays maintains an 'Equalweight' on Marvell (NASDAQ: MRVL) price target of $15.00.
Analyst, Blayne Curtis, said, "We maintain our rating on MRVL despite these cuts as we believe this lower HDD outlook reduces some of the near-term risks associated with the normalization of the HDD supply chain. We recognize the limited downside in the stock given the recent pullback, new dividend, and buyback, but see upside limited as well."
"Our CY12 revenue/EPS move to $3.498M and $1.15 (from $3,529M and $1.17) and CY13 to $3,720M and $1.30 (from $3,823M and $1.40)."
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 $13.07 yesterday.
Analyst, Blayne Curtis, said, "We maintain our rating on MRVL despite these cuts as we believe this lower HDD outlook reduces some of the near-term risks associated with the normalization of the HDD supply chain. We recognize the limited downside in the stock given the recent pullback, new dividend, and buyback, but see upside limited as well."
"Our CY12 revenue/EPS move to $3.498M and $1.15 (from $3,529M and $1.17) and CY13 to $3,720M and $1.30 (from $3,823M and $1.40)."
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 $13.07 yesterday.
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