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Fly News Breaks for March 13, 2017
MRVL
Mar 13, 2017 | 08:56 EDT
As previously reported, Needham analyst N. Quinn Bolton upgraded Marvell to Buy from Hold, with a $21 price target, following the company's inaugural analyst day, in which management laid out its strategy to grow revenue, further streamline operations and increase capital returns to shareholders. The analyst believes increasing capital returns to shareholders coupled with the potential for accretive M&A further enhance potential upside in Marvell shares.
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