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Marvell Technology Group Ltd. Message Board

  • nusaiba nusaiba Jun 4, 2013 1:24 PM Flag

    RBC Capital Upgrades Marvell (MRVL) to Outperform, Poised for Multiple Expansion

    RBC Capital Upgrades Marvell (MRVL) to Outperform, Poised for Multiple Expansion
    Trade MRVL Now! Click here to find out more! RBC Capital upgraded Marvell (NASDAQ: MRVL) from Sector Perform to Outperform with a price target of $13.00 (from $9.00).
    The firm said at 12.1x 2014 consensus P/E versus peers at 14.0x, or 8.6x ex-cash, valuation is compelling. Analyst Doug Freedman said sentiment and structural challenges are positioned to alleviate/improve, thus driving multiple expansion. He also said FCF growth is under-appreciated even with the assumption of limited pick-up in Mobile & Wireless.
    "Our thesis should be viewed as a call opt

 
MRVL
15.49+0.22(+1.44%)Jan 30 4:00 PMEST

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