Marvell Technology to cut 900 jobs, sell assets
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Brean Capital Raises Price Target as Marvell Technology (MRVL) Announces Restructuring Actions
November 3, 2016 9:41 AM EDTBrean Capital reiterated a Buy rating on Marvell Technology (NASDAQ: MRVL), and raised the price target to $16.00 (from $15.00), following the company's announced restructuring actions. The actions are intended to refocus its research and development efforts in order to increase operational efficiency and improve profitability.
Analyst Mike Burton commented, "Yesterday... More
