Broadcom Limited (AVGO) PT Lowered to $340 at Susquehanna
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Price: $368.36 +1.19%
Rating Summary:
50 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
50 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Susquehanna analyst Christopher Rolland lowered the price target on Broadcom Limited (NASDAQ: AVGO) to $340.00 (from $380.00) while maintaining a Positive rating.
"C4Q19 read-throughs point to a solid quarter, but the 2020 outlook is likely impacted by COVID-19," Rolland commented. "We believe management may decrease the 2020 outlook by ~$500 million to reflect headwinds."
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