Marvell Sets New Performance Record With Its G.hn Wave-2 Networking Technology Based on Marvell's Revolutionary MoChi Architecture

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Go back to Marvell Sets New Performance Record With Its G.hn Wave-2 Networking Technology Based on Marvell's Revolutionary MoChi Architecture

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

October 27, 2015 9:47 AM EDT

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