Morgan Stanley Maintains Equal-Weight on Marvell Tech, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Marvell Tech (NASDAQ:MRVL) and lowered the price target from $68 to $65.
August 25, 2023 | 2:28 pm
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Morgan Stanley has maintained an Equal-Weight rating on Marvell Tech and lowered the price target from $68 to $65.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Marvell Tech in the short term. This is because the new price target is lower than the previous one, indicating a less optimistic outlook for the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100