Citigroup Maintains A Buy Rating On Marvell Technology Group Ltd. (MRVL)

Analyst Glen Yeung at Citigroup has released an update on Marvell Technology Group Ltd. (NASDAQ: MRVL). Recently, Citigroup hosted investor meetings with Marvell Technologies’ CFO and VP of Investor Relations.

According to Citigroup, even as the problems in Europe continue to overhang near-term fundamental/market outcomes, the meetings with Marvell’s management have reiterated their confidence in the company’s longer-term opportunities in Mobile & Wireless. Citigroup has maintained its Buy rating and $24 price target for MRVL.

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