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Fly News Breaks for May 26, 2017
MRVL
May 26, 2017 | 08:45 EDT
Craig-Hallum analyst Christian Schwab noted that Marvell is already executing above its long-term gross margin target of above 60% and closing in on its operating margin target of about 30%. He sees Marvell as being "on the verge of returning to being a growth company" and reiterates a Buy rating and $21 price target on the stock following the company's better than expected Q1 report and guidance.
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