Avago Technologies to Acquire Broadcom for $37 Billion
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Jefferies Upgrades Avago Technologies (AVGO) to Buy
May 29, 2015 12:56 PM EDTJefferies earlier upgraded Avago Technologies (NASDAQ: AVGO) from Hold to Buy with a price target of $179.00.
For an analyst ratings summary and ratings history on Avago Technologies click here. For more ratings news on Avago Technologies click here.
Shares of Avago Technologies closed at $142.38 yesterday.
... MoreTigress Financial Partners Downgrades Broadcom (BRCM) to Neutral
May 29, 2015 12:52 PM EDTTigress Financial Partners downgraded Broadcom (NASDAQ: BRCM) from Buy to Neutral.
For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.
Shares of Broadcom closed at $56.25 yesterday.
... MoreMorgan Stanley Downgrades Broadcom (BRCM) to Equalweight
May 29, 2015 8:13 AM EDTMorgan Stanley downgraded Broadcom (NASDAQ: BRCM) from Overweight to Equalweight.
For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.
Shares of Broadcom closed at $56.25 yesterday.
... MoreMacquarie Downgrades Broadcom (BRCM) to Neutral
May 29, 2015 8:13 AM EDTMacquarie downgraded Broadcom (NASDAQ: BRCM) from Outperform to Neutral.
For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.
Shares of Broadcom closed at $56.25 yesterday.
... MoreTopeka Capital Downgrades Broadcom (BRCM) to Hold
May 29, 2015 8:12 AM EDTTopeka Capital downgraded Broadcom (NASDAQ: BRCM) from Buy to Hold.
For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.
Shares of Broadcom closed at $56.25 yesterday.
... MoreAvago Technologies (AVGO) PT Raised to $180 at Brean Capital
May 29, 2015 6:24 AM EDTBrean Capital analyst Mike Burton reiterated a Buy rating and boosted his price target on Avago Technologies (NASDAQ: AVGO) to $180.00 (from $145.00) following the announced takeover of Broadcom, saying the deal should be accretive.
Burton commented, "Avago reported solid quarterly results and guidance... More
Cowen Downgrades Broadcom (BRCM) to Neutral Amid Takeover; Sees Competing Bid as Unlikely
May 29, 2015 6:20 AM EDTCowen downgraded Broadcom (NASDAQ: BRCM) from Outperform to Neutral with a price target of $58.00 (from $52.00).
Analyst Timothy Arcuri commented, "Following BRCM's agreement to be acquired by AVGO, we are raising our target to $58 and downgrading what has been our top idea in... More
Susquehanna Downgrades Broadcom (BRCM) to Neutral Amid Takeover; Sees No Rush to Sell Stock
May 29, 2015 6:13 AM EDTSusquehanna downgraded Broadcom (NASDAQ: BRCM) from Positive to Neutral with a price target of $58.00 (from $54.00) after the company agreed to be acquired by Avago in a cash and stock valued at approximately $37 billion.
Analyst Chris Caso commented, "Since about half the transaction... More
Avago Tech (AVGO), Broadcom (BRCM) Deal has $1B Interloper Break-Up Fee
May 28, 2015 5:40 PM EDTBroadcom's (NASDAQ: BRCM) deal to be acquired by Avago Tech (NASDAQ: AVGO) has an interloper break-up fee of $1.0 billion.
... MoreGoldman Sachs Downgrades Broadcom (BRCM) to Neutral
May 28, 2015 5:17 PM EDTGoldman Sachs downgraded Broadcom (NASDAQ: BRCM) from Buy to Neutral.
For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.
Shares of Broadcom closed at $57.16 yesterday.
... MoreAvago (AVGO)/Broadcom (BRCM) Deal Synergies Could Drive ~$220 Stock Price, Mizuho Securities Says
May 28, 2015 5:05 PM EDTMizuho Securities analyst Vijay Rakesh raised estimates and his price target on Outperform-rated Avago Technologies (NASDAQ: AVGO) to $175.00 (from $150.00) following a "solid" quarter and the Broadcom (NASDAQ: BRCM) deal.
Rakesh said the Broadcom deal points to a... More
Baird Downgrades Broadcom (BRCM) to Neutral
May 28, 2015 1:44 PM EDTBaird downgraded Broadcom (NASDAQ: BRCM) from Outperform to Neutral with a price target of $60.00 (from $50.00).
For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.
Shares of Broadcom closed at $57.16 yesterday.
... MoreAvago Tech (AVGO) Paranoid About Another Potential Bidder for Broadcom (BRCM) - Call
May 28, 2015 8:56 AM EDTOn its call, Avago Tech (NASDAQ: AVGO) said it is a little paranoid about another bidder for Broadcom (NASDAQ: BRCM) coming, according to Bloomberg headlines.
... MoreAvago Tech (AVGO) Tops Q2 EPS by 12c; Issues Q3 Outlook
May 28, 2015 7:06 AM EDTAvago Tech (NASDAQ: AVGO) reported Q2 EPS of $2.13, $0.12 better than the analyst estimate of $2.01. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.63 billion.
Third Quarter Fiscal Year 2015 Business Outlook
Based on current business trends and conditions, the outlook for continuing operations for the third quarter of fiscal year 2015, ending August 2, 2015, including projected contributions from the Emulex acquisition, is expected... More
