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Fly News Breaks for June 1, 2018
MRVL
Jun 1, 2018 | 08:56 EDT
Craig-Hallum analyst Christian Schwab says his investment thesis on Marvell Technology remains the same following another quarter of better than expected results. The analyst continues to believe the combination of Marvell and Cavium makes "strong strategic sense," driving a doubling of the company's total addressable market to $16B-plus and creating a "best-in-class accretive financial model." Schwab sees "multiple valuation paths" justifying his $34 price target. He keeps a Buy rating on Marvell.
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