Marvell price target raised to $86 from $76 at Morgan Stanley

Core View - Morgan Stanley analyst Joseph Moore raised the price target on Marvell (MRVL) to $86 from $76 while maintaining an Equal Weight rating ahead of the company's earnings report on December 2 [1] Group 1: Price Target and Rating - The price target for Marvell has been increased to $86 from $76 [1] - The rating on Marvell shares remains at Equal Weight [1] Group 2: Market Expectations - Data center growth is expected to be roughly flat in the October quarter [1] - Solid optical momentum is anticipated to offset lumpiness in custom silicon [1] - The analyst expresses hope that the expectations shortfalls on Trainium are behind the company [1]