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Fly News Breaks for May 29, 2015
BRCM, AVGO
May 29, 2015 | 07:20 EDT
UBS said Avago's (AVGO) deal with Broadcom (BRCM) was much better than the firm expected, citing further earnings upside from deal accretion and core business growth. UBS reiterated its Buy rating and raised its price target to $170 from $138 on Avago shares after the merger announcement.
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