Deutsche Bank lowers its Marvell target

|About: Marvell Technology Group, Ltd. (MRVL)|By:, 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.

Subscribe for full text news in your inbox