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Fly News Breaks for March 9, 2018
CAVM, MRVL
Mar 9, 2018 | 08:26 EDT
Cowen analyst Karl Ackerman raised his price target on Marvell (MRVL) to $29 from $21 citing its acquisition of Cavium (CAVM). He also contends its organic growth rate is misleading, as it includes several businesses that have been sold and sees storage headwind concerns as overblown. Ackerman reiterated his Outperform rating on Marvell shares.
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