Marvell Stock Is Falling. Analysts Are Cutting Price Targets.

Semiconductor maker


Technology was falling in early Friday trading after analysts lowered price targets on the stock.

Shares were down 8.6% in premarket trading to $42.24.

Piper Sandler

lowered its price target for the shares to $50 from $55. KeyBanc changed its price target to $60 from $65. Both maintained an Overweight rating on the stock.