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Fly News Breaks for April 3, 2018
MRVL
Apr 3, 2018 | 07:39 EDT
Rosenblatt initiated Marvell with a Buy and $27 price target saying it should outpace semiconductor industry growth given its pure-play focus on datacenter and infrastructure. The firm's analyst views shares as attractively valued given the pending Cavium acquisition, gross margins in the low 60s, and free cash flow policy of 50% return to shareholders.