Marvell downgraded at Susquehanna As previously reported, Susquehanna downgraded Marvell to Hold from Positive and lowered its price target on the stock to $16 from $19. The firm is concerned about the overbuild of Chinese handsets and its potential for a lack of sustainability.
Broadcom price target raised to $52 from $48 at Oppenheimer Oppenheimer raised its price target on Broadcom as the firm believes that the tone at the company's Analyst Day was positive. The firm thinks the company's networking unit looks poised for further share gains at Marvell's (MRVL) expense. Oppenheimer continues to recommend buying the stock.