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Fly News Breaks for January 6, 2017
MRVL
Jan 6, 2017 | 09:25 EDT
Following Consumer Electronics Show's first day, Stephens analyst Harsh Kumar says Marvell's turnaround remains on track and notes that he remains constructive through the mid and longer-term time frame. The analyst feels that the company has potential to grow its top line as well as grow its gross and operating margins from current levels. He reiterates an Overweight rating and $18 price target on the shares.
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