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