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Fly News Breaks for May 21, 2019
MRVL
May 21, 2019 | 07:02 EDT
Stifel analyst Kevin Cassidy "applauds" Marvell's deal to acquire Avera Semiconductor, stating that they paid a "reasonable price" and that the synergistic acquisition should increase Marvell's importance as a supplier to infrastructure equipment OEMs. The analyst, who calls Marvell one of his favorite long ideas, keeps a Buy rating and $27 price target on the shares.
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