Brokerage Firm Rating Update on Avago Technologies Limited (AVGO)

Avago Technologies Limited (AVGO) : Zacks Investment Research ranks Avago Technologies Limited (AVGO) as 2, which is a Buy recommendation. 21 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 24 research analysts is 1.1, which indicates as a Strong Buy.

Avago Technologies Limited (AVGO) : 24 investment research analysts covering Avago Technologies Limited (AVGO) have an average price target of $198.58 for the near short term. The highest target price given by the Brokerage Firm to the stock is $217 and the lowest target is $160 for the short term. Analysts expect the variance to be within $13.43 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Barclays maintains its rating on Avago Technologies Limited (NASDAQ:AVGO). As per the latest information, the brokerage house raises the price target to $205 per share from a prior target of $185. The shares have been rated Overweight. The rating by the firm was issued on September 2, 2016.

Avago Technologies Limited (NASDAQ:AVGO): stock was range-bound between the intraday low of $167.71 and the intraday high of $172 after having opened at $171.42 on Wednesdays session. The stock finally closed in the red at $171.42, a loss of -1.29%. The stock remained in the red for the whole trading day. The total traded volume was 3,143,730 shares. The stock failed to cross $172 in Wednesdays trading. The stocks closing price on Thursday was $171.1.

Avago Technologies Limited (Avago) is a designer, developer and global supplier of a range of analog semiconductor devices. The Company focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. The Company operates through four segments: wireless communications, enterprise storage, wired infrastructure and industrial & other. The wireless communications segment supports the wireless industry with a range of radio frequency (RF) semiconductor devices. The enterprise storage segment consists of LSI Corporations (LSIs) storage products and PLX Technology, Inc.s (PLXs) peripheral component interconnect express (PCIe) switches and bridges. The wired infrastructure segment supplies transceivers that receive and transmit information along optical fibers in the storage and Ethernet networking markets. The industrial & other segment provides a range of products for the general industrial and automotive markets.

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