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Fly News Breaks for August 29, 2016
AVGO
Aug 29, 2016 | 07:07 EDT
Brean Capital analyst Mike Burton raised his price target on Broadcom to $200 from $190 ahead of its Q2 results. The analyst expects strong results and for guidance on both earnings and revenues to be in line. Burton expects continued momentum from its product cycles in addition to having the tailwind of seasonality heading into the second half of the year. Burton reiterated his Buy rating on Broadcom shares.