Marvell: JMP Ups to Hold on Valuation, Computex Trends
Posted on June 05, 2012 at 12:17 PM EDT
JMP Securities’s Alex Gauna today raised his rating on shares of chip maker Marvell Technology Group (MRVL) to Market Perform from Market Underperform, writing that the valuation, at 7 times 2013′s projected EPS, is fair, and that there are “favorable” developments showing up at this week’s Computex computer exhibition in Taipei, Taiwan. Gauna describes what [...]