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

Avago (AVGO) PT Raised to $170 at Canaccord Genuity Amid Broadcom (BRCM) Deal

Canaccord Genuity analyst T. Michael Walkley reiterated a Buy rating and boosted his price target on Avago Technologies (NASDAQ: AVGO) to $170.00 (from $145.00) after the company agreed to acquire Broadcom (NASDAQ: BRCM), creating a eading global diversified semiconductor... More

Avago Technologies (AVGO) PT Raised to $180 at Brean Capital

Brean 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

Cowen 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

Susquehanna 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

Baird Downgrades Broadcom (BRCM) to Neutral

Baird 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.

Drexel Hamilton Downgrades Broadcom (BRCM) to Hold

Drexel Hamilton downgraded Broadcom (NASDAQ: BRCM) from Buy to Hold with a price target of $55.00.

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.

Avago Tech (AVGO) Paranoid About Another Potential Bidder for Broadcom (BRCM) - Call

On its call, Avago Tech (NASDAQ: AVGO) said it is a little paranoid about another bidder for Broadcom (NASDAQ: BRCM) coming, according to Bloomberg headlines.

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

Stifel analyst Aaron Rakers weighed in on QLogic (NASDAQ: QLGC) following Avago's (NASDQ: AVGO) announced takeover of Broadcome (NASDAQ: BRCM).

"We believe investors will / should question the derivative implications (short-term and long-term) this may have for QLogic (Hold, $15.43) as the combined Avago + Broadcom entity will be positioned as an end-to-end provider of Ethernet connectivity solutions - Broadcoms Ethernet switch silicon and PHYs + Emulexs 10GbE NIC / CNA solutions and also a vertically integrated supplier of FC HBAs / ASICs. In fact, this is an interesting combination when... More

Avago Tech (AVGO) to Acquire Broadcom (BRCM) in ~$37B Deal

Avago Tech (Nasdaq: AVGO) and Broadcom Corporation (Nasdaq: BRCM) announced that they have entered into a definitive agreement under which Avago will acquire Broadcom in a cash and stock transaction that values the combined company at $77 billion in enterprise value. Upon completion of the acquisition, the combined company will have the most diversified communications platform in the semiconductor industry, with combined annual revenues of approximately $15 billion.

"Today's announcement marks the combination of the unparalleled engineering prowess of Broadcom with Avago's heritage of technology from HP,... More