Micron (MU) Could Be Another Potential Broadcom (AVGO) Takeover Target - KeyBanc

March 13, 2018 11:05 AM EDT
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There is widespread speculation about who Broadcom (NASDAQ: AVGO) will target in a takeover now that Trump has blocked its attempt to acquire Qualcomm (NASDAQ: QCOM).

KeyBanc analyst John Vinh said in the near term, the order blocks the possibility of AVGO looking to acquire any other asset that has any military/defense exposure, such as XILINX (NASDAQ: XLNX). However, they believe these concerns over the longer term should ease once the Company successfully domiciles back into the U.S.

Vinh expects AVGO will remain acquisitive and believe Micron (NYSE: MU) could be another potential target given the lack of security concerns and given AVGO's prior attempts to bid for Toshiba.

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