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Fly News Breaks for June 18, 2015
MRVL
Jun 18, 2015 | 05:50 EDT
Goldman Sachs upgraded Marvell Technology to Neutral saying the catalyst for its Sell rating has now materialized with FY16 consensus estimates revised down by 50%. Goldman believes FY16 Street estimates are now reasonable and raised its price target for shares to $14 from $12.