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Fly News Breaks for December 6, 2016
AVGO
Dec 6, 2016 | 07:36 EDT
Pacific Crest analyst John Vinh says investors should own Broadcom ahead of the Q4 results on December 8. Consensus estimates are achievable and already reflect conservative iPhone 7 expectations, Vinh tells investors in a pre-earnings research note. He remains bullish on further content gains in the iPhone 8 and the Brocade acquisition and views the stock's risk/reward as positive. The analyst has an Overweight rating on Broadcom with a $215 price target.
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