UPDATE: Jefferies Raises PT on Marvell Technology Following July Quarter Revenue/EPS Report
August 23, 2013 at 11:53 AM EDT
In a report published Friday, Jefferies analyst Mark Lipacis reiterated a Hold rating on Marvell Technology Group Ltd. (NASDAQ: MRVL ), and raised the price target from $12.00 to $13.00. In the report, Jefferies noted, “MRVL exceeded JulQ revenue and EPS expectations, driven primarily by higher-than-expected mobile and wireless demand,
