Morgan Stanley Maintains Equal-Weight on Marvell Tech, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Marvell Tech (NASDAQ:MRVL) and raises the price target from $45 to $55.
May 26, 2023 | 11:51 am
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Morgan Stanley maintains an Equal-Weight rating on Marvell Tech and raises the price target from $45 to $55.
The news directly mentions Marvell Tech (NASDAQ:MRVL) and the price target increase by Morgan Stanley analyst Joseph Moore. The Equal-Weight rating suggests a neutral outlook on the stock, while the raised price target indicates a potential upside. However, the short-term impact on the stock price is likely to be neutral as the rating remains unchanged.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100