Avago Technologies (AVGO +6.9%) spikes higher after Nomura and Deutsche both upgrade the analog...

|By:, SA News Editor

Avago Technologies (AVGO +6.9%) spikes higher after Nomura and Deutsche both upgrade the analog chipmaker. Nomura touts Avago's low valuation, and thinks Street estimates are too low given rebounding industrial demand and the company's strong wireless position. An Avago power amplifier is built into the iPhone 4S.