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Avago (AVGO) Sees Continued Strong Execution, Canaccord Genuity Says; PT Up to $179
December 3, 2015 9:03 AM ESTCanaccord Genuity reiterated a Buy rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $179.00 (from $165.00), following the company's 4Q earnings report. Avago reported pro forma EPS of $2.51, above consensus' $2.38 estimate. The beat was driven by a strong pro forma gross margin of 62.0%.
Also, Management remains committed to the Broadcom acquisition, and Canaccord anticipates a strong... More
Mizuho Raise Estimates, PT on Avago (AVGO) on Solid Execution
December 3, 2015 8:42 AM ESTMizuho Securities reiterated a Buy rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $175.00 (from $165.00), following the company's 4Q earnings report. AVGO reported solid revenues of $1.85B, in-line with consensus. EPS was reported at $2.51, beating consensus' estimate of $2.38. The... More
Sterne Agee CRT Boosts Est., PT on Avago (AVGO) Amid Outstanding Quarter
December 3, 2015 7:49 AM ESTSterne Agee CRT reiterated a Buy rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $180.00 (from $160.00), following the company's 4Q earnings report. AVGO reported revenue of $1.85B in-line with consensus estimates. EPS of $2.51 beat consensus estimate of $2.38. Sterne Agee CRT believes that AVGO is currently trading at a... More
