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Fly News Breaks for July 21, 2019
MRVL
Jul 21, 2019 | 21:07 EDT
Goldman Sachs analyst Mark Delaney downgraded Marvell Technology Group to Neutral from Buy despite raising his price target for the shares to $25 from $24. The analyst cites valuation for the downgrade with the stock up 60% year-to-date. Delaney believes his positive view on the stock is now generally shared by investors. He now views Marvell's valuation as full.
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