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Fly News Breaks for May 28, 2015
BRCM, AVGO
May 28, 2015 | 15:15 EDT
Mizuho said the Avago (AVGO) and Broadcom (BRCM) combination suggests a $220 stock with synergies, based on FY16 EPS of $14.70 and using a 15x multiple. The firm rates Avago a Buy with a $175 price target, up from $150.
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