Morgan Stanley analyst Joseph Moore raised the firm’s MRVL) to $86 from $76 and keeps an Equal Weight rating on the shares ahead of the company reporting after market close on Tuesday, December 2. The firm expects data center growth to be roughly flat in the October quarter, with solid optical momentum offset by lumpiness in custom silicon, and is “hopeful that the expectations shortfalls on Trainium are behind us,” the analyst tells investors in a preview.
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Source: finance.yahoo.com
