B. Riley Downgrades Marvell (MRVL) to Sell

Citi Downgrades Marvell (MRVL) to Sell

Citi 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.

Cowen Says Marvell Technology (MRVL) is Stuck in 'Purgatory' Following Auditor Resignation; Cuts Price Target to $11.50

Cowen 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

Cowen 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

UBS 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

MKM 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.

Marvell (MRVL) Auditor Resignation a 'Near-Term Negative', RBC Capital Says

RBC 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

Marvell 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