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Fly News Breaks for December 4, 2019
MRVL
Dec 4, 2019 | 05:02 EDT
BMO Capital analyst Ambrish Srivastava downgraded Marvell Technology Group to Market Perform from Outperform with an unchanged price target of $28. The analyst finds the shares "reasonably valued with a balanced risk/reward profile." The company's opportunity in communications is now well understood and discounted in the current share price, Srivastava tells investors in a research note.