Will This Price Target Decrease Hurt Marvell Technologies (MRVL) Stock Today?

NEW YORK (TheStreet) -- BMO Capital cut its price target on Marvell Technologies  (MRVL) to $14, cut its estimates and set a "market perform" rating. The firm the company is seeing weaker sales.

The stock closed at $13.64 on Thursday.

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Separately, TheStreet Ratings team rates MARVELL TECHNOLOGY GROUP LTD as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate MARVELL TECHNOLOGY GROUP LTD (MRVL) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

You can view the full analysis from the report here: MRVL Ratings Report

MRVL Chart MRVL data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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