Marvell Technology Group shares are trading higher after Citigroup reiterated a Buy rating on the stock and maintained its $91 price target.
Portfolio Pulse from Benzinga Newsdesk
Marvell Technology Group's stock is trading higher following Citigroup's reiteration of a Buy rating and maintenance of its $91 price target.
March 27, 2024 | 1:57 pm
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POSITIVE IMPACT
Marvell Technology Group's stock price is positively impacted by Citigroup's continued support through a Buy rating and a $91 price target.
The reiteration of a Buy rating and the maintenance of a high price target by a reputable financial institution like Citigroup can significantly boost investor confidence in Marvell Technology Group, likely leading to a short-term increase in its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100