TD Cowen raised the firm’s price target on Marvell to $90 from $75 and keeps an Outperform rating on the shares. The firm said they posted an in-line print but a disappointing guide as a sharp correction across Carrier/Enterprise/Consumer, and little visibility to timing a recovery, will weigh on the numbers.
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Read More on MRVL:
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- Marvell price target raised to $95 from $85 at B. Riley
