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Broadcom gains on Evercore upgrade

Dec. 15, 2014 9:41 AM ETBroadcom Inc. (AVGO) StockAVGOBy: Eric Jhonsa, SA News Editor
  • Evercore ISI has upgraded Broadcom (BRCM +3%) to Buy, and hiked its target by $10 to $55.
  • The upgrade comes six day after Broadcom (at its analyst day) hiked its Q4 guidance and announced new capital return efforts. Shares +46% YTD.

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