Broadcom's (AVGO) Price Target Raised to $205 at Deutsche Bank

September 2, 2016 7:01 AM EDT
Get Alerts AVGO Hot Sheet
Price: $172.92 -0.28%

Rating Summary:
    38 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Deutsche Bank maintained a Buy rating on Broadcom Limited (NASDAQ: AVGO) and raised its price target to $205.00 (from $200.00). The change follows the release of Q3 earnings. Analyst Ross Seymore noted steady execution.

"AVGO delivered solid revenues on the quarter/guide (albeit with slight disappointment in Wired), but once again beat meaningfully on earnings. Looking forward the combination of a seasonal ramp in Wireless in 2H, further margin expansion through CY17 (synergies + mix) and the potential for additional M&A leave us seeing further upside to AVGO shares," said Seymore.

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 $177.09 yesterday.

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