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

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."

Macquarie Downgrades Cavium Networks (CAVM) to Neutral

Macquarie downgraded Cavium Networks (NASDAQ: CAVM) from Outperform to Neutral with a price target of $88.00 (from $80.00).

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.

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 Upgrades Marvell (MRVL) to Buy

Jefferies upgraded Marvell (NASDAQ: MRVL) from Hold to Buy with a price target of $27.00 (from $18.50).

Analyst Mark Lipacis believes the combination with CAVM generates a product portfolio with synergies and believes the deal creates better scale. The analyst believes there is a high... 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.