Marvell Technology (MRVL) Issues Warning on Q4 Revenue

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Marvell (MRVL) PT Lowered to $22 at Susquehanna

February 7, 2019 7:21 AM EST

Susquehanna analyst Christopher Rolland lowered the price target on Marvell (NASDAQ: MRVL) to $22.00 (from $23.00) while maintaining a Positive rating.

Rolland commented, "Marvell adversely revised 4Q18 guidance down -850 bps in an extremely challenging storage environment. Given well-known headwinds, we believe much of this weakness was already expected."

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Marvell (MRVL) PT Lowered to $25 at B.Riley/FBR

February 7, 2019 5:16 AM EST

B.Riley/FBR analyst Craig Ellis lowered the price target on Marvell (NASDAQ: MRVL) to $25.00 (from $26.00) while maintaining a Buy rating.

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