Broadcom +0.8% as Evercore resumes at Outperform

• Broadcom (NASDAQ:AVGO) is up 0.8% in early action after Evercore ISI resumed coverage of the stock at Outperform.
• The firm has a price target of $300, implying 24% upside.
• Shares are down 6.4% in 2018, and just 1.7% above flat over the past 12 months.
• Last week, Cowen reiterated its Outperform rating on the stock, and the week prior, D.A. Davidson lowered its price target to $300.