B of A Securities Maintains Buy on Marvell Tech, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya has maintained a 'Buy' rating on Marvell Tech (NASDAQ:MRVL) but lowered the price target from $80 to $75.
August 25, 2023 | 3:12 pm
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Marvell Tech's price target has been lowered from $80 to $75 by B of A Securities, though the 'Buy' rating is maintained.
The lowering of the price target could potentially create a negative sentiment among investors, but the maintained 'Buy' rating indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100