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Fly News Breaks for June 20, 2017
MRVL
Jun 20, 2017 | 05:58 EDT
Pacific Crest analyst Michael McConnell upgraded Marvell Technology to Overweight with a $22 price target after Asia supply-chain channel checks left him "incrementally more positive." Sales momentum into data center customers and pricing power on switches should support revenue growth over the next year, McConnell tells investors in a research note.
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