UPDATE: Citigroup Reiterates on Marvell Technology on Solid Quarter, Better-than-Expected Top Line Guide
February 21, 2014 at 09:28 AM EST
In a report published Friday, Citigroup analyst Glen Yeung reiterated a Neutral rating on Marvell Technology (NASDAQ: MRVL ), and raised the price target from $16.00 to $17.00. In the report, Citigroup noted, “Marvell reported FYQ4'14 sales of $932m, above street estimates for $901m and non-GAAP diluted EPS of $0.29,
