Jefferies Upgrades Marvell (MRVL) to Buy

Marvell Technology (MRVL) Climbs 8%, Adding to Recent Gains

Marvell Technology (NASDAQ: MRVL) Climbs 8%, Adding to Recent Gains

Marvell (MRVL) PT Raised to $25 at Northland Capital Markets

Northland 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.

Marvell (MRVL) PT Raised to $30 at Oppenheimer

Oppenheimer raised its price target on Marvell (NASDAQ: MRVL) to $30.00 (from $23.00) while maintaining a Outperform rating.

Cavium Networks (CAVM) PT Raised to $85 at Canaccord Genuity Following Announced Agreement with Marvell

Canaccord 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 $25 at Needham & Company

Needham & Company raised its price target on Marvell (NASDAQ: MRVL) to $25.00 (from $21.00) while maintaining a Buy rating.

Analyst Quinn Bolton comments "We see the deal as a strong fit for MRVL and a good value for CAVM shareholders."

Cavium Networks (CAVM) PT Raised to $90 at Needham & Company, 'We See Further Upside in CAVM Shares'

Needham & Company raised its price target on Cavium Networks (NASDAQ: CAVM) to $90.00 (from $78.00) while maintaining a Buy rating.

Marvell (MRVL) PT Raised to $34 at Craig-Hallum

Craig-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'.

Cavium Networks (CAVM) PT Raised to $90 at Needham & Company

Needham & Company raised its price target on Cavium Networks (NASDAQ: CAVM) to $90.00 (from $78.00) while maintaining a Buy rating after the company agreed to be acquired by Marvell in a cash and stock transaction valued at >$6bn.

Loop Capital Downgrades Cavium Networks (CAVM) to Hold Following Acquisition

Loop Capital downgraded Cavium Networks (NASDAQ: CAVM) from Buy to Hold with a price target of $84.00 (from $81.00).

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.

Morgan Stanley Downgrades Cavium Networks (CAVM) to Equalweight Following Acquisition

Morgan 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.

Barclays Upgrades Marvell (MRVL) to Overweight

Barclays upgraded Marvell (NASDAQ: MRVL) from Equalweight to Overweight with a price target of $30.00 (from $20.00).

Analyst Blayne Curtis believes the combination with CAVM creates a powerful force which can now drive earnings growth and multiple expansion.

For an analyst ratings... More

Jefferies Downgrades Cavium Networks (CAVM) to Hold Following The Acquisition

Jefferies 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.