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Fly News Breaks for March 2, 2020
MRVL
Mar 2, 2020 | 07:30 EDT
BMO Capital analyst Ambrish Srivastava lowers his price target on Marvell to $25 and keeps a Market Perform rating on the shares ahead of its earnings call this week. The analyst warns that the impact of the coronavirus rippling through the supply chain puts consensus estimates for the company under a downward bias, lowering his FY20 EPS view by 1c to 65c and revenue to $2.69B from $2.73B.
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