Marvell price target lowered to $60 from $65 at KeyBanc

KeyBanc analyst John Vinh lowered the firm’s price target on Marvell to $60 from $65 and keeps an Overweight rating on the shares. The company reported "mixed" Q4 results and guided Q1 lower, indicating the inventory correction in data center and storage seen last quarter has broadened, the analyst tells investors in a research note. The firm is disappointed with the results but views the share pullback as a buying opportunity.