Fly News Breaks for March 6, 2015
MRVL
Mar 6, 2015 | 07:42 EDT
As previously reported, Susquehanna upgraded Marvell to Positive from Neutral on the likelihood the company will find a strategic alternative for their handset business. Divesting the business would eliminate its cash burn and allow for a very favorable cash flow for the remainder of the company, the firm believes. Susquehanna raised its price target to $20 from $14 on Marvell shares.
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