Avago/Broadcom Deal Has Major Implications for QLogic (QLGC) - Stifel

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Avago (AVGO)/Broadcom (BRCM) Deal Synergies Could Drive ~$220 Stock Price, Mizuho Securities Says

May 28, 2015 5:05 PM EDT

Mizuho 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