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Fly News Breaks for April 27, 2016
MRVL
Apr 27, 2016 | 13:39 EDT
Craig-Hallum analyst Christian Schwab believes Marvell's settlement agreement with activist investor Starboard Value came sooner than most investors expected, meaning "yet another investor concern" can now be "checked off." The analyst, who thinks Marvell should be able to achieve operating margins near 25% and would be an attractive asset for a number of potential chipmaker suitors, reiterates a Buy rating and $17.50 price target on the stock.
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