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Fly News Breaks for July 20, 2018
CA, AVGO
Jul 20, 2018 | 07:28 EDT
UBS analyst Timothy Arcuri said the recent weakness in Broadcom (AVGO) is a buying opportunity as he believes his analysis supports his new $300 price target, down from his prior target of $330. He said the acquisition of CA (CA) will provide additional opportunities for Broadcom in software and infrastructure. Arcuri, who reiterated his Buy rating, said he sees potential for the sale of its wireless business, which could conservatively fetch roughly $28B.
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