Broadcom (AVGO) Gets a Buy Rating from Deutsche Bank
Deutsche Bank analyst Ross Seymore maintained a Buy rating on Broadcom (AVGO) today and set a price target of $300. The company’s shares closed on Friday at $237.41.
According to TipRanks.com, Seymore is a top 25 analyst with an average return of 25.7% and a 79.1% success rate. Seymore covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Texas Instruments, and Maxim Integrated.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Broadcom with a $290.43 average price target, which is a 22.3% upside from current levels. In a report released today, B.Riley FBR also upgraded the stock to Buy with a $300 price target.
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The company has a one-year high of $275.70 and a one-year low of $197.46. Currently, Broadcom has an average volume of 3.7M.
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Broadcom, Inc., is a holding company, which engages in the design, development and supply of analog and digital semiconductor connectivity solutions. It serves four primary end markets: wired infrastructure, wireless communications, enterprise storage and industrial & other.
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