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BofA/Merrill Lynch Downgrades Marvell (MRVL) to Underperform

October 19, 2012 6:50 AM EDT
Get Alerts MRVL Hot Sheet
Price: $280.71 +11.13%

Rating Summary:
    50 Buy, 11 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 6 | New: 39
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BofA/Merrill Lynch downgraded Marvell (NASDAQ: MRVL) from Neutral to Underperform following lower third quarter outlook and CFO departure.

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 $8.83 yesterday.


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