B. Riley Downgrades Marvell (MRVL) to Sell
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Citi Downgrades Marvell (MRVL) to Sell
October 28, 2015 7:53 AM EDTCiti downgraded Marvell (NASDAQ: MRVL) from Neutral to Sell with a price target of $7.00.
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 $8.05 yesterday.
... MoreCowen Says Marvell Technology (MRVL) is Stuck in 'Purgatory' Following Auditor Resignation; Cuts Price Target to $11.50
October 27, 2015 9:47 AM EDTCowen maintained an Outperform rating on Marvell (NASDAQ: MRVL), and cut the price target to $11.50 (from $14.00), after PwC, its auditor for at least 15 yrs, has unexpectedly resigned. PwC cited that it would need to expand the scope of the 2016 audit to include areas such as... More
Cowen Trims PT on Marvell (MRVL) to $11.50; Auditor Resignation Likely Last Straw for Management
October 27, 2015 9:44 AM EDTCowen and Company trims its price target on Outperform-rated Marvell (Nasdaq: MRVL) from $14 down to $11.50 following news that the company's auditor resigned.
Analyst Tim Arcuri offered the following commentary late Monday: Timing-wise, this is going to keep the stock in purgatory. The process of... More
UBS Downgrades Marvell (MRVL) to Sell
October 27, 2015 7:46 AM EDTUBS downgraded Marvell (NASDAQ: MRVL) from Neutral to Sell with a price target of $6.00 (from $9.10) on increased SSD, WiFi and audit concerns.
Analyst Stephen Chin commented, "We have a Sell rating on Marvell as we believe there could be lower sales in its Solid State Drive (SSD) controllers... More
MKM Partners Downgrades Marvell (MRVL) to Neutral
October 27, 2015 6:51 AM EDTMKM Partners downgraded Marvell (NASDAQ: MRVL) from Buy to Neutral with a price target of $9.00 (from $12.40).
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 $9.45 yesterday.
... MoreMarvell (MRVL) Auditor Resignation a 'Near-Term Negative', RBC Capital Says
October 26, 2015 6:13 PM EDTRBC Capital analyst Mitch Steves reiterated a Sector Perform rating and cut his price target on Marvell (NASDAQ: MRVL) to $9.00 (from $10.00) after PricewaterhouseCoopers announced that it has resigned as Marvell's public accounting firm.
"We believe the resignation acts as a near-term negative as it... More
Marvell Technology (MRVL) Auditor PwC Resigns
October 26, 2015 4:20 PM EDTMarvell Technology (NASDAQ: MRVL) said in an SEC filing:
(a) On October 20, 2015, PricewaterhouseCoopers LLP (PwC) advised the Audit Committee of the Board of Directors (the Audit Committee) of Marvell Technology Group Ltd. (the Company) of PwCs resignation as the Companys independent registered public accounting firm, effective on that date. The Audit Committee did not request, recommend or approve the resignation of PwC.
PwCs audit reports on the Companys consolidated financial statements as of and for the fiscal years ended January 31, 2015 and February 1, 2014 did not contain an adverse opinion or a... More
