Baird Starts Broadcom Limited (AVGO) at Outperform

August 11, 2016 4:05 PM EDT
Get Alerts AVGO Hot Sheet
Price: $173.65 -1.64%

Rating Summary:
    38 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 23 | New: 30
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Baird initiates coverage on Broadcom Limited (NASDAQ: AVGO) with a Outperform rating and a price target of $205.00.

Analyst Tristan Gerra commented, "The company has rapidly emerged as a key consolidator within the semiconductor industry, with a focus on operating margin leverage and EPS accretion. Secular growth drivers include RF and cloud-related applications, among others. Broadcom's Ltd's FBAR technology is differentiated, driving share gains this year."

For an analyst ratings summary and ratings history on Broadcom Limited click here. For more ratings news on Broadcom Limited click here.

Shares of Broadcom Limited closed at $171.85 yesterday.

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