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Broadcom Limited (AVGO) PT Lowered to $225 at Nomura/Instinet; Out of Left Field is an Understatement

July 12, 2018 8:29 AM EDT

Nomura/Instinet lowered its price target on Broadcom Limited (NASDAQ: AVGO) to $225.00 (from $250.00) while maintaining a Neutral rating after the company agreed to acquire CA.

Analyst Romit Shah commented, "To say this came out of left field would be an... More