Citigroup Initiates Marvell Technology Group With Sell

Analysts at Citigroup initiated coverage on Marvell Technology Group Ltd. MRVL with a Sell rating. The target price for Marvell Technology Group is set to $13. Marvell Technology Group shares have dropped 8.80 percent over the past 52 weeks, while the S&P 500 index has surged 10.46 percent in the same period. Marvell Technology Group's shares rose 0.70 percent to $14.30 in after-hours trading.