Marvell (MRVL) PT Raised to $29 at Cowen Following Cavium Deal; 'Organic Growth Plus Highly Synergistic Deal'

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Go back to Marvell (MRVL) PT Raised to $29 at Cowen Following Cavium Deal; 'Organic Growth Plus Highly Synergistic Deal'

Marvell (MRVL) PT Raised to $28 at BofA/Merrill Lynch; Reiterates Buy

November 29, 2017 7:27 AM EST

BofA/Merrill Lynch raised its price target on Marvell (NASDAQ: MRVL) to $28.00 (from $26.00) while maintaining a Buy rating following the company's 3Q earnings release. Sales were reported 1% ahead, with pf-EPS 3% ahead vs. the original outlook.

The most important takeaway from the call was... More

Marvell (MRVL) PT Raised to $29 at KeyBanc Following 3Q; Reiterates Overweight

November 29, 2017 7:19 AM EST

KeyBanc raised its price target on Marvell (NASDAQ: MRVL) to $29.00 (from $25.00) while maintaining a Overweight rating following the company's 3Q release. Revenue of $616M exceeded estimates of $610M, driven by better strength in connectivity. Higher revenue and lower operating expenses drove EPS to $0.34, above... More