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Fly News Breaks for September 7, 2016
MRVL
Sep 7, 2016 | 06:31 EDT
Goldman analyst Mark Delaney reinstated Marvell with a Neutral and $12 price target. The analyst believes the turnaround will be difficult given high exposure to mature or declining areas like HDDs, printers, enterprise campus switching, and a baseband business being would down, combined with shares at full valuation.
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