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Fly News Breaks for March 2, 2020
MRVL
Mar 2, 2020 | 09:08 EDT
Susquehanna analyst Christopher Rolland lowered the firm's price target on Marvell to $30 from $32 and keeps a Positive rating on the shares. The analyst notes Marvell will report on March 04 and he anticipates generally inline results given a constructive PC/Dc environment. He believes Street expectations for top-line growth are modestly above seasonal for Q4 and well above seasonal for Q1 although he acknowledged the coronavirus fears may overshadow results and lead to conservative guidance.
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