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Fly News Breaks for June 4, 2018
CAVM, MRVL
Jun 4, 2018 | 08:16 EDT
Argus analyst Jim Kelleher reiterated a Buy rating on Marvell Technology (MRVL), telling investors in a research note that weakness is creating an entry point and that the stock is undervalued compared to peers. Kelleher, who reiterated a $28 price target on the shares, expects the Cavium (CAVM) acquisition to significantly expand Marvell's total addressable market while creating room for further synergies and efficiencies.
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