Broadcom Limited (AVGO) PT Raised to $480 at Credit Suisse Ahead of Earnings

Credit Suisse analyst John Pitzer raised the price target on Broadcom Limited (NASDAQ: AVGO) to $480.00 (from $420.00) ahead of F4Q results on 12/10 with a call at 5pm ET.

The analyst reiterated the Outperform rating, stating "We expect F4Q/F1Q at least INLINE with an upward bias driven by: (1) Handsets with upside to both our Samsung/AAPL expectations, (2) Continued momentum in Hyperscale/Cloud somewhat offset by the well-publicized weakness in Enterprise (3) Cyclical strength in Auto/Industrial, and (4) Consistent Rev from Infrastructure Software".

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