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Marvell Technology Group, Ltd. (MRVL) [hlAlert]

Rating:
Overweight
MRVL
down 13.73 %

Marvell Technology Group, Ltd. (MRVL) upgraded to Overweight with price target $16 by JP Morgan

Posted on: Tuesday,  Sep 10, 2013  8:25 AM ET by JP Morgan

JP Morgan rated Overweight Marvell Technology Group, Ltd. (NASDAQ: MRVL) on 09/10/2013, when the stock price was $12.89.
Since then, Marvell Technology Group, Ltd. has lost 13.73% as of 10/28/2015's recent price of $11.12.
If you would have followed this JP Morgan's recommendation on MRVL, you would have lost 13.73% of your investment in 778 days.

Marvell Technology is a leading designer, developer and supplier of mixed-signal and digital signal processing integrated circuit for high-speed, high-density, digital data storage and broadband digital data networking markets. The company's goal is to continue to support its customers in providing faster, better solutions to meet their customers' needs for increased bandwidth as communication solutions evolve. The company meets this goal with state-of-the-art chip solutions that enable data transfer in data storage devices and networking applications.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/10/2013 8:25 AM Buy
None
12.89 16.00
as of 12/13/2013
1 Week down  -3.30 %
1 Month down  -5.80 %
3 Months up  3.95 %
1 YTD up  2.01 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/19/2012 8:25 AM Hold
None
7.59
2/25/2010 8:25 AM Buy
None
18.72 25.00
5/30/2008 8:25 AM Buy
None
16.90

(*) Stock Price at the time of the recommendation.
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