Benzinga's Top Downgrades (MRVL, MTSC, SWY, BRCM)
Marvell Technology Group Ltd (NASDAQ: MRVL) was downgraded by Goldman Sachs from "buy" to "neutral." MRVL's stock closed at $20.46 yesterday. Marvell Technology's 52-week trading range is $13.87-$22.87
MTS Systems Corporation (NASDAQ: MTSC) was downgraded by Janney Capital from "buy” to "neutral." MTSC's shares closed at $38.88 yesterday. MTS Systems' 52-week trading range is $24.46-$39.45
Barclays downgraded Safeway Inc (NYSE: SWY) from "equal weight" to “underweight." SWY's shares closed at $22.29 yesterday. Safeway's 52-week trading range is $18.62-$26.73.
Broadcom Corporation (NASDAQ: BRCM) was downgraded by Wells Fargo from "outperform" to “market perform." BRCM's shares closed at $46.55 yesterday. Broadcom's shares have moved up 49.29% so far this year.
