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Fly News Breaks for September 13, 2019
SYMC, AVGO
Sep 13, 2019 | 06:21 EDT
KeyBanc analyst John Vinh raised his price target for Broadcom (AVGO) to $340 from $330 and maintained an Overweight rating, citing the company's solid execution in a challenging environment following the company's "mixed" Q3 results and maintained FY19 outlook, saying strength in networking and ASICs, as well as the ramp of the new iPhone and content growth, offset weakness in storage and broadband. Vinh tells investors in a research note that he expects the close of the Symantec (SYMC) deal will continue to sustain outsized earnings growth.
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