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Fly News Breaks for August 30, 2016
AVGO
Aug 30, 2016 | 09:06 EDT
Cowen analyst Timothy Arcuri believes Broadcom estimates remain way too low and expects some favorable tailwinds from Enterprise storage, content gains from RFFE and WiFi modules, and meaningful contributions from Tomahawk and Jericho. Arcuri reiterated his Outperform rating with his $200 price target as a base case with upside potential for Broadcom shares.
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