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Fly News Breaks for April 15, 2016
MRVL
Apr 15, 2016 | 08:03 EDT
BofA/Merrill analyst Vivek Arya sees limited fundamental upside for Marvell given secular declining or uncompetitive assets, potential asset sales will be difficult given lack of SEC filings, auditor change, and lack of internal controls, and investments will be needed to stay independent, which will impact profitability. Arya rates Marvell an Underperform with a $10 price target on shares.
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