Notable Downgrades: Marvell Technology (MRVL), EOG Resources (EOG), Infinera (INFN), TECO Energy (TE)

Analysts at JP Morgan (JPM) downgraded Marvell Technology Group Ltd. (MRVL) from ‘Overweight’ to ‘Neutral’ in a research report issued to clients on Tuesday. On valuation measures, Marvell Technology stock it’s trading at a forward P/E multiple of 14.82x, and at a multiple of 15.97x this year’s estimated earnings. The t-12-month revenue at Marvell Technology […] View the full post at: Notable Downgrades: Marvell Technology (MRVL), EOG Resources (EOG), Infinera (INFN), TECO Energy (TE) Related posts: Marvell Technology (MRVL) Has Turned the Corner Top Pre-Market Stock Upgrades/Downgrades April 12, 2010 Dell Leads Transition of Laptop Displays to Energy-Efficient LED Technology