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Craig-Hallum leaves Marvell sidelines despite warning

Aug. 30, 2019 7:33 AM ETMarvell Technology, Inc. (MRVL) StockMRVLBy: Brandy Betz, SA News Editor4 Comments
  • Craig-Hallum upgrades Marvell (NASDAQ:MRVL) from Hold to Buy and raises the target from $22 to $28, a 16% upside.
  • Yesterday, Marvell reported earnings and warned of a Q3 slowdown due to the Huawei ban and macro environment.
  • Marvell shares are down 5% pre-market to $23. The company has an Outperform average Sell Side rating.

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