Keybanc Maintains Overweight on Marvell Tech, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst John Vinh has maintained an Overweight rating on Marvell Tech (NASDAQ:MRVL) but has reduced the price target from $80 to $70.

December 01, 2023 | 10:13 am
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Keybanc analyst John Vinh maintains an Overweight rating on Marvell Tech but lowers the price target from $80 to $70, indicating a positive outlook but with reduced expectations.
While the Overweight rating suggests that Keybanc still sees Marvell Tech as a good investment, the reduction in the price target could imply that there are some concerns about the company's future performance or market conditions that might limit its stock price growth. This news is likely to have a neutral short-term impact on the stock as the positive rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100