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Fly News Breaks for September 25, 2015
MRVL
Sep 25, 2015 | 09:09 EDT
Craig-Hallum analyst Christian Schwab upgraded Marvell to Buy following the announcement it is exiting its mobile handset business. Schwab views the exit as a positive as the business struggled to scale and generate profits. The analyst expects an improved margin structure and strengthening product profile following the restructuring and views risk/reward as attractive. Craig-Hallum has a Buy rating on shares.
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