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Fly News Breaks for September 11, 2015
MRVL
Sep 11, 2015 | 14:39 EDT
Cowen analyst Timothy Arcuri said Marvell's release was incredibly cryptic but this is the "wash out." Arcuri said the release could result in a management shakeup in terms of controls and processes and could result in operating/strategy improvements and general improvements in communication going forward. The analyst has an Outperform rating on shares with a $14 price target, reduced from $16.50.
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