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Fly News Breaks for February 3, 2016
MRVL, ISIL
Feb 3, 2016 | 06:50 EDT
Citi analyst Atif Malik downgraded Intersil (ISIL) to Sell after his firm cut its global PC outlook. The analyst expects Intersil will face revenue headwinds throughout 2016 and he cut his price target for the shares to $11.50 from $12. Malik also lowered his estimates for Marvell (MRVL) and keeps a Sell rating on the name with a $7 price target.
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