UPDATE: Avago Tech (AVGO) Tops Q2 EPS by 9c; Guides Q3 Revs Above Views; Plans Job Cuts

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Go back to UPDATE: Avago Tech (AVGO) Tops Q2 EPS by 9c; Guides Q3 Revs Above Views; Plans Job Cuts

Avago Technologies (AVGO) Price Target Raised to $78 at Goldman Sachs

May 30, 2014 10:22 AM EDT

Goldman Sachs maintained a Buy rating on Avago Technologies (NASDAQ: AVGO) and increased its price target of $78.00 (from $75.00). The change follows Q2 results. Analyst James Covello noted a strong quarter.

"We continue to expect the stock to outperform: 1) Avago remains well positioned to benefit from the... More

Avago Technologies (AVGO) Numbers Lifted at BofA/Merrill Lynch on 'Beat and Raise'

May 30, 2014 7:27 AM EDT

BofA/Merrill Lynch analyst Vivek Arya reiterated a Buy rating and bumped his price target on Avago Technologies (NASDAQ: AVGO) to $85.00 (from $77.00) following Q2 results citing multiple levers to drive EPS.

Arya notes Avago delivered a strong 'beat and raise' though with some... More