Keybanc Maintains Overweight on Marvell Tech, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst John Vinh maintains an Overweight rating on Marvell Tech (MRVL) but lowers the price target from $95 to $90.
April 08, 2024 | 12:55 pm
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NEUTRAL IMPACT
Keybanc maintains an Overweight rating on Marvell Tech but lowers the price target from $95 to $90.
The adjustment in price target by Keybanc reflects a slight moderation in their short-term outlook for Marvell Tech, likely due to updated market or company-specific factors. However, maintaining an Overweight rating indicates a continued positive long-term view on the company's prospects. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a lower price target against a backdrop of ongoing analyst confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100