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INX:AVGO, Jul 18, 11:52 UTC

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Recent Analysts’ Ratings Changes for Broadcom (AVGO) – Mayfield Recorder

AVGO

Several brokerages have updated their recommendations and price targets on shares of Broadcom (NASDAQ: AVGO) in the last few weeks:. Further, Broadcom is a leading player in the semiconductor market based on its multiple target markets, accretive acquisitions and strong cash flow. However, the company lowered its fiscal 2019 revenues outlook. 6/14/2019 – Broadcom had its price target lowered by analysts at Jefferies Financial Group Inc from $370.00 to $324.00. They wrote, “We see Huawei as already built in to the current share price for AVGO and reiterate our Buy rating and $350 PT into the print (Thursday, June 13 th ) on the company’s secular semiconductor prospect and FCF generation.””.

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Tuesday, July 16


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Broadcom Inc (NASDAQ:AVGO) Given Average Rating of “Buy” by Brokerages – Slater Sentinel

AVGO

Shares of Broadcom Inc (NASDAQ:AVGO) have been given a consensus rating of “Buy” by the thirty-eight ratings firms that are covering the stock, Marketbeat Ratings reports. Robert W. Baird set a $5.00 price objective on Ashford Hospitality Trust and gave the company a “hold” rating in a research report on Monday, June 17th. Jennison Associates LLC now owns 3,650,806 shares of the semiconductor manufacturer’s stock valued at $1,097,834,000 after acquiring an additional 359,736 shares during the period. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that Broadcom will post 17.3 earnings per share for the current fiscal year.

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Monday, July 15


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Nasdaq Today: Bitcoin & Libra; What’s Broadcom Doing?

AVGO BTC

Given how much is set to come out over the next few weeks, it was a relatively quiet day on Wall Street Monday. Another run to $13,000 earlier this month was again met with sellers as bitcoin prices dropped back down to $10,000. The advances in bitcoin have helped give a boost to Facebook (NASDAQ:FB) stock, even as it’s drawn the ire of regulators for its Libra cryptocurrency. Broadcom was reportedly in talks to acquire SYMC. However, on Monday, shares of Symantec abruptly tumbled lower, falling over 10% on news that AVGO is no longer in talks to buy the company. However, the stock recovered off its initial lows — and actually closed at session highs — while AVGO stock rallied almost 3% on the news, before ending higher by just 1%.

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What the Broadcom Symantec Deal Collapse Means For Broadcom Going Forward

AVGO

The deal is off. But the party isn't over for the 'disciplined' Broadcom. Watch the video for TheStreet's ICYMI video series.

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Symantec ends talks to sell to Broadcom over price: sources - Finance - Strategy - iTnews

AVGO SYMC

Cybersecurity company Symantec has walked away from negotiations to sell itself to chipmaker Broadcom over price disagreements, people familiar with the matter said on Monday. Symantec's decision raises new questions over the future of the U.S. antivirus software provider, which is looking for a new CEO and has been struggling to grow its business. Broadcom was last week willing to offer as much as US$28.25 per share in cash for Symantec and was hoping to ink a deal on Monday, one of the sources said. It is possible that talks between the two sides will resume, the sources said. However, Symantec has a track record of exploring a sale, only subsequently to walk away from a deal.

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Symantec News: SYMC Stock Sinks as Broadcom Deal Fizzles

AVGO SYMC

Symantec news for Monday has SYMC stock falling hard on a dead Broadcom deal. Sources close to the matter claim that Symantec (NASDAQ:SYMC) and Broadcom (NASDAQ:AVGO) were unable to reach an agreement in an acquisition deal. If these sources have it right, the main problem with the deal was one of pricing. The problem comes with what happened after it looked more into the company. This has it losing roughly all of the gains it got from those early reports concerning a deal with Broadcom. As of this writing, William White did not hold a position in any of the aforementioned securities. The post Symantec News: SYMC Stock Sinks as Broadcom Deal Fizzles appeared first on InvestorPlace.

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Stock Market News: Amazon Kicks Off Prime Day; Broadcom Breaks It Off With Symantec

AVGO AMZN +1 more AVGO AMZN SYMC

Stock Market News: Amazon Kicks Off Prime Day; Broadcom Breaks It Off With Symantec. Monday started off mixed for the stock market as investors prepared for an onslaught of second-quarter earnings reports over the next several weeks. As of 11 a.m. EDT, the Dow Jones Industrial Average(DJINDICES: ^DJI) was up just a fraction of a point to 27,332. In company-specific news, Amazon.com (NASDAQ: AMZN) kicked off its two-day Prime Day event, with hopes that shoppers will flock to its arbitrary July shopping holiday and boost its overall membership numbers. Prime Day responds to the impact that having a targeted day or period has on shopping behavior. When customers perceive that there are big bargains to be had, they'll go in search of great deals -- but they'll also be willing to consider buying a host of other items that they didn't necessarily have in mind when they first started shopping. Even though Amazon created Prime Day, you'll find many other retailers that now ride its coattails.

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Symantec, Broadcom Halt Discussions for a Proposed Merger

AVGO SYMC

Symantec, Broadcom Halt Discussions for a Proposed Merger. BloombergJuly 15, 2019, 3:12 PM UTC. Jul.15 -- Symantec Corp. and Broadcom Inc. ended talks on a proposed merger as the two sides couldn’t agree on a price. Bloomberg's Ed Hammond reports on "Bloomberg Markets." What to read next.

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Broadcom's List of Potential Software Targets Probably Doesn't End with Symantec

AVGO

It's possible that disgruntled Symantec shareholders could make the company return to the negotiating table with Broadcom. But if that doesn't happen, there are other targets that Broadcom might pursue.

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Symantec falls as deal talks with Broadcom called off – The Seattle Times

AVGO SYMC

Symantec falls as deal talks with Broadcom called off. Originally published July 15, 2019 at 8:48 am Updated July 15, 2019 at 3:59 pm. Symantec Corp. and Broadcom Inc. have halted their discussions for a proposed merger as the two sides couldn’t agree on a price, according to people familiar with the matter. Discussions hit an impasse over the weekend after Broadcom sought to reduce its offer by more than $1.50 per share after determining in due diligence that it was no longer willing to meet their agreed-upon price of $28.25, said the people, who asked to not be identified because the matter isn’t public. At $28.25 per share, Symantec would have been valued at about $17.5 billion. While talks are off for now, they could be resumed if both parties are able to compromise on price or if Symantec comes under sufficient pressure to re-engage, the people said.

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