UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Cavium

In a report published Friday, Deutsche Bank reiterated its Hold rating on Cavium (NASDAQ: CAVM ), and raised its price target from $28.00 to $30.00. Deutsche Bank noted, “Inline results and guide on revs; EPS beat; maintain Hold on risk/reward - Decent results: Q4: $66.4M revs / $0.20 pro-forma EPS;