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Fly News Breaks for August 24, 2015
AVGO
Aug 24, 2015 | 09:27 EDT
Drexel Hamilton downgraded Avago (AVGO) to Sell and reduced its price target to $95 from $125. The firm said Broadcom (BRCM) acquisition will require large amounts of debt and financing will be difficult given the situation in the capital markets.
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