Marvell (MRVL) PT Raised to $26 at Susquehanna

May 28, 2019 7:09 AM

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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