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Broadcom (formerly Avago) gets bullish JPMorgan/Credit Suisse coverage

Feb. 16, 2016 9:35 AM ETBroadcom Inc. (AVGO) StockBRCMBy: Eric Jhonsa, SA News Editor
  • JPMorgan's Harlan Sur has resumed coverage on Broadcom Limited (NASDAQ:AVGO +2.1%), known as Avago prior to the Broadcom merger, with an Overweight rating and $170 target. He cites the company's strong data center and broadband/connected home positions.
  • Credit Suisse has reinstated coverage with an Outperform rating and $160 target. Topeka Capital has launched at Hold.
  • Broadcom is following equity markets higher. FQ1 results are expected in the coming weeks.

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