Marvell Technology estimates and target lowered at Citigroup
: Marvell Technology estimates and target lowered at Citigroup Citigroup sees risk to Marvell's hard disk drive and networking related sales and lowered its estimates for the company to the low end of guidance to reflect these concerns. The firm dropped its target for shares to $23 from $24 but keeps a Buy rating. :theflyonthewall
I would have to agree with the put on MRVL. It closer to a penny stock, if you measure from its 52 week high. You can bet September you would probably prefer some high yields instead, or plain good old American Cash. Hey, what do I know anyway. I do love you saavy investors and I want you all to be healthy, wealthy and successful as much as I want it for myself!