Deutsche Bank lowers its Marvell target

Dec. 03, 2018 2:09 PM ETMarvell Technology, Inc. (MRVL)MRVLBy: Brandy Betz, SA News Editor
  • Deutsche Bank maintains a Buy rating on Marvell Tech (NASDAQ:MRVL) but lowers its price target from $25 to $22.
  • Marvell is among the semi names gaining today on news of a US-China trade truce. MRVL shares are up 1.6% to $16.37 today, down 22% in the past quarter, and down 25% YTD.

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