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Fly News Breaks for November 27, 2017
CAVM, MRVL
Nov 27, 2017 | 07:45 EDT
Cowen analyst Karl Ackerman said now that the Cavium (CAVM) deal is on the tape, the next step for Marvell (MRVL) is to execute on its earnings forecasts. The analyst believes that despite its recent rally, Marvell shares are one of the few semiconductor names that still have 30% upside potential. He sees potential opportunities in both storage and networking. Ackerman calls Marvell a Best Idea for 2018 and reiterated his Outperform rating and $29 price target on the shares.
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