Marvell Technology price target lowered to $13 from $15 at Benchmark Co.

RELATED QUOTES

SymbolPriceChange
MRVL11.340.03
HTCH5.830.29

Benchmark Co. believes Marvell's (MRVL) HDD chip revenue will have a difficult time topping consensus expectations for FY13 after Hutchinson Technology (HTCH) negatively preannounced last night. The firm dropped its price target for Marvell shares to $13 and keeps a Hold rating on the name.

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