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Analyst Moves: MRVL, NFX
Monday, March 7, 3:08 PM ET

This morning, Citigroup lowered its EPS estimates on shares of Marvell Technology (NASDAQ:MRVL) through 2013 following disappointing guidance from the company. With the lower earning estimates, Citigroup reduced its price target to $24 but maintained its buy rating.

Shares of Marvell Technology were modestly lower on Monday, falling just about 0.4%.

And Credit Suisse lowered its price target on shares of Newfield Exploration (NYSE:NFX) from $87 down to $82 as the potential for natural gas reserve growth remains low. However, with the lower price target, Credit Suisse maintained its outperform rating.

Shares of NFX were higher, despite the report from Credit Suisse, gaining 2.3% today.

For MarketNewsVideo.com, I'm Kristin Bianco.

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Analyst Moves: MRVL, NFX | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

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