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Fly News Breaks for December 9, 2016
AVGO
Dec 9, 2016 | 07:10 EDT
Deutsche Bank analyst Ross Seymore raised his price target for Broadcom to $225 saying the company reported a "solid" Q4 beat on cost efficiencies. Rising cash returns should reduce the valuation discount, Seymore tells investors in a post-earnings research note. He reiterates a Buy rating on Broadcom.
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