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Fly News Breaks for May 29, 2015
AVGO
May 29, 2015 | 08:15 EDT
Pacific Crest hiked its price target on Avago (AVGO) after the company agreed to buy Broadcom (BRCM). The firm expects the deal to generate $750M in cost synergies for Avago, enabling the company's EPS to reach $12 in 2016. It keeps an Overweight rating on the stock.
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