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Fly News Breaks for September 8, 2015
MRVL
Sep 8, 2015 | 06:22 EDT
JPMorgan analyst Harlan Sur downgraded Marvell Technology Group to Neutral citing uncertainties around the company's growth and mobile strategy. The analyst notes his growth and profitability thesis has not played out with Marvell revenue down 22% since his upgrade in September 2013. Sur cut his price target for Marvell shares to $12 from $16.50.
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