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Fly News Breaks for December 21, 2015
AVGO
Dec 21, 2015 | 07:38 EDT
As noted earlier, RBC Capital upgraded Avago to Outperform from Sector Perform. The firm thinks the company's EPS can rise to more than $16 by 2018 from $9.24 this year, driven partly by its integration of Broadcom, its ramp of RF products, and potential deleveraging. Target to $170 from $155.
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