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Fly News Breaks for August 22, 2017
AVGO
Aug 22, 2017 | 08:47 EDT
JPMorgan analyst Harlan Sur predicts Broadcom will report Q3 revenues, margins, EPS, and free cash flow that will all be better than the firm's and consensus expectations, citing strong spending by cloud data center customers and the ramp-up of its new products. The analyst, who views the company's new product pipeline as strong and expects estimates to move up, reiterate his Overweight rating and $300 price target on Broadcom ahead of the company's report due on Thursday.
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