Broadcom (AVGO): LT Sustainability Over NT Positive Results; PT Up to $199 - Sterne Agee CRT
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Brean Capital Raises Price Target on Broadcom Ltd. (AVGO) Following 2Q Report
June 3, 2016 11:20 AM EDTBrean Capital reiterated a Buy rating on Broadcom Limited (NASDAQ: AVGO), and raised the price target to $190.00 (from $180.00), following the company's 2Q earnings report. Avago reported revenues of $3.56B vs. the Street consensus of $3.55B. Reported EPS of $2.53 also beat consensus estimates of $2.38.... More
Oppenheimer Raises Price Target on Broadcom Ltd. (AVGO) as Wired Drives 2Q Upside
June 3, 2016 9:52 AM EDTOppenheimer reiterated an Outperform rating on Broadcom Limited (NASDAQ: AVGO), and raised the price target to $180.00 (from $170.00), following the company's 2Q earnings report. AVGO reported revenues of $3.6B, coming in ahead of the consensus estimate of $3.55B. Non-GAAP EPS of $2.53 also bested consensus estimates at $2.38. Wired drove 2Q... More
Jefferies Raises Price Target on Broadcom Ltd. (AVGO) Following 2Q EPS Beat
June 3, 2016 8:56 AM EDTJefferies reiterated a Buy rating on Broadcom Limited (NASDAQ: AVGO), and raised the price target to $190.00 (from $180.00), following the company's 2Q earnings report. Sales of $3.6B were in line with consensus, but non-GAAP EPS of $2.53 were $0.15 above consensus of $2.38 due largely to faster... More
Broadcom Limited (AVGO) Marching to a $14 EPS in FY17; PT Up to $205 - UBS
June 3, 2016 8:16 AM EDTUBS analyst, Stephen Chin is increasingly confident in his Broadcom Limited (NASDAQ: AVGO) estimates and raised his PT to $205 from $190. No change to the Buy rating.
Broadcom continues to show solid quarterly execution in its core wireline and wireless segments and remains ahead of schedule on the merger cost synergy target of $750M. He is less concerned with the lumpiness in wireless chip... More
Cowen Lifts PT on Broadcom (AVGO) to $200; Says Company Firing on All Cylinders
June 3, 2016 8:10 AM EDTCowen and Company lifts its price target on Outperform-rated Broadcom (Nasdaq: AVGO) from $190 to $200 folllowing solid Q2 results and outlook issued Thursday night.
Analyst Tim Arcuri commented today, AVGO has been our top pick since our recent initiation and today's call reinforced and validated our conviction.
The company is... More
Drexel Hamilton Raises Price Target on Broadcom Ltd. (AVGO) to $192 Following 2Q Beat
June 3, 2016 7:06 AM EDTDrexel Hamilton reiterated a Buy rating on Broadcom Limited (NASDAQ: AVGO), and raised the price target to $192.00 (from $169.00), following the company's 2Q earnings report. Broadcom delivered Q2 revenue of $3.56 billion compared to the Street consensus of $3.54 billion. EPS of $2.53 compared to the consensus of $2.38.... More
Broadcom Ltd. (AVGO) Tops Q2 EPS by 15c, Sales In-Line
June 2, 2016 4:03 PM EDTBroadcom Ltd. (NASDAQ: AVGO) reported Q2 EPS of $2.53, $0.15 better than the analyst estimate of $2.38. Revenue for the quarter came in at $3.54 billion versus the consensus estimate of $3.55 billion.
"We delivered solid second quarter revenue, while exceeding EPS expectations for our first quarter operating as a combined... More
