Broadcom Limited (AVGO) PT Raised to $270 at Rosenblatt on 2Q EPS Beat; 'Content Expansion & ASP Growth' Paying Off from Multiple Strategic Engagements

Rosenblatt raised its price target on Broadcom Limited (NASDAQ: AVGO) to $270.00 (from $260.00) while maintaining a Buy rating, following the company's second earnings report.

Analyst Hans Mosesmann notes the company delivered second quarter earnings per share and revenues above consensus projections driven by better gross margins, wireless sales and licensing, management is executing on multiple strategic engagements.

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