Marvell Downgraded as Tower Sector Targets Rise

Analysts downgraded MRVL on Tuesday, trimming the consensus target to $327.36 from $333.09. The chipmaker lost one Buy rating, leaving 39 Buys and 5 Holds against zero Sells. Marvell has been a favourite AI infrastructure play, so the change will attract attention.

SBAC saw the biggest consensus target lift of the session. The cell tower REIT's average target rose to $225.75 from $225.25, with 10 Buy and 11 Hold ratings and no Sells. Tower stocks have benefited from steady carrier spending on 5G densification.

AAPL picked up a small target increase, moving to $333.28 from $332.39. The consensus is weighted heavily toward Buys, with 24 Buy, 13 Hold and 5 Sell ratings.

GEHC also saw its target nudge higher, to $87.85 from $86.80. GE HealthCare holds 15 Buys and 6 Holds.

Among hotels, MAR received a meaningful target upgrade to $400.00 from $393.35. Marriott carries 13 Buys and 14 Holds. India domestic auto sales rose 24% year-on-year in October, which points to broader consumer strength in Asia that could support international travel demand.

On the downside, ARE saw its target cut to $49.93 from $50.43. The life-science REIT has faced persistent pressure as biotech tenants pull back. ON also had its target trimmed slightly to $100.00 from $101.16, with the Buy-to-Hold split sitting at 15 each.

QCOM bucked semiconductor headwinds with a target lift to $197.21 from $195.97, supported by 23 Buy ratings.