Broadcom Ltd. (AVGO): Another Beat And Raise - Drexel Hamilton

Drexel Hamilton analyst, Cody Acree, reiterated his Buy rating on shares of Broadcom Limited (NASDAQ: AVGO) after the company turned in another solid beat and raise quarter that was led by the Wireless business which grew 34% q/q.

The company is seeing the obvious benefits of Apple’s ramp, Samsung’s relative market share stability even in the face of its Note 7 problems, and generational dollar content increases for both Avago filters and Broadcom connectivity solutions.

The price target goes to $210 from $201.

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 $170.71 yesterday.

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