UPDATE: BofA/Merrill Lynch Double Upgrades Marvell (MRVL) to Buy
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Marvell (MRVL) PT Raised to $25 at Northland Capital Markets
November 21, 2017 9:41 AM ESTNorthland Capital Markets raised its price target on Marvell (NASDAQ: MRVL) to $25.00 (from $20.00) while maintaining a Outperform rating following the Cavium deal.
... MoreCavium Networks (CAVM) PT Raised to $85 at Canaccord Genuity Following Announced Agreement with Marvell
November 21, 2017 8:12 AM ESTCanaccord Genuity raised its price target on Cavium Networks (NASDAQ: CAVM) to $85.00 (from $67.00) while maintaining a Hold rating following the company's announced agreement with Marvell.
Marvell will acquire Cavium for $40/share cash and a 2.1757:1 Marvell-for-Cavium share exchange ratio, giving Cavium shareholders roughly 25%... More
Marvell (MRVL) PT Raised to $34 at Craig-Hallum
November 21, 2017 7:35 AM ESTCraig-Hallum raised its price target on Marvell (NASDAQ: MRVL) to $34.00 while maintaining a Buy rating.
Analyst Christian Schwab called the Cavium acquisition "spectacular'.
... MoreMorgan Stanley Downgrades Cavium Networks (CAVM) to Equalweight Following Acquisition
November 21, 2017 5:03 AM ESTMorgan Stanley downgraded Cavium Networks (NASDAQ: CAVM) from Overweight to Equalweight with a price target of $85.00 (from $77.00).
For an analyst ratings summary and ratings history on Cavium Networks click here. For more ratings news on Cavium Networks click here.
Shares of Cavium Networks closed at $84.02 yesterday.
... MoreJefferies Downgrades Cavium Networks (CAVM) to Hold Following The Acquisition
November 21, 2017 4:52 AM ESTJefferies downgraded Cavium Networks (NASDAQ: CAVM) from Buy to Hold with a price target of $94.00 (from $79.00).
For an analyst ratings summary and ratings history on Cavium Networks click here. For more ratings news on Cavium Networks click here.
Shares of Cavium Networks closed at $84.02 yesterday.
... MoreMarvell (MRVL) PT Raised to $27 at Susquehanna Amid Cavium Deal
November 20, 2017 5:08 PM ESTSusquehanna analyst Christopher Rolland raised his price target on Marvell (NASDAQ: MRVL) to $27.00 (from $25.00) while maintaining a Positive rating after the company agreed to acquire Cavium Networks (NASDAQ: CAVM).
Rolland reiterated his top pick view on MRVL, calling it now a 'bona fide' growth company.
... More