Nomura Securities Maintains a 'Buy' on Avago Technologies (AVGO); Q2 Review
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Price: $34.44 +0.03%
Rating Summary:
15 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
15 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade AVGO Now!
Nomura Securities maintains a 'Buy' on Avago Technologies (NASDAQ: AVGO) price target of $44.00 (from $42.00).
Analyst, Paul Lejuez, said, "Gap Brand is gaining momentum, helping to drive strong results in the quarter. Management raised annual guidance to $1.95-$2.00 (vs previous $1.78-$1.83). Improved product is resonating at Gap Brand and Old Navy, which could provide potential upside to consensus forecasts (we are at $2.25 vs cons of $2.09), although a higher expense outlook may limit some of the upside. We believe the risk/reward skews favorably, although the macro environment and the historical inconsistency of Gap Brand and Old Navy keep us on the sidelines."
For an analyst ratings summary and ratings history on Avago Technologies click here. For more ratings news on Avago Technologies click here.
Shares of Avago Technologies closed at $36.91 yesterday, with a 52 week range of $27.26-$39.22.
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Analyst, Paul Lejuez, said, "Gap Brand is gaining momentum, helping to drive strong results in the quarter. Management raised annual guidance to $1.95-$2.00 (vs previous $1.78-$1.83). Improved product is resonating at Gap Brand and Old Navy, which could provide potential upside to consensus forecasts (we are at $2.25 vs cons of $2.09), although a higher expense outlook may limit some of the upside. We believe the risk/reward skews favorably, although the macro environment and the historical inconsistency of Gap Brand and Old Navy keep us on the sidelines."
For an analyst ratings summary and ratings history on Avago Technologies click here. For more ratings news on Avago Technologies click here.
Shares of Avago Technologies closed at $36.91 yesterday, with a 52 week range of $27.26-$39.22.
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