Morgan Stanley Maintains Equal-Weight on Marvell Tech, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Marvell Tech and raises the price target from $77 to $82.
August 30, 2024 | 11:39 am
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Morgan Stanley has maintained its Equal-Weight rating on Marvell Tech but increased the price target from $77 to $82, indicating a positive outlook.
The increase in price target from $77 to $82 by Morgan Stanley suggests a positive outlook for Marvell Tech, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target price is a positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100