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Fly News Breaks for December 9, 2016
AVGO
Dec 9, 2016 | 08:14 EDT
Brean Capital analyst Michael Burton believes Broadcom is poised for above average growth with industry leading profitability and reasonable valuation. He noted the company's beat and raise Q4 results and how its strategy of leveraging its financial model is paying off. Burton reiterated his Buy rating and raised his price target to $210 from $205 on Broadcom shares.
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