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Fly News Breaks for May 9, 2018
AVGO
May 9, 2018 | 07:03 EDT
Nomura Instinet analyst Romit Shah downgraded Broadcom to Neutral and lowered his price target for the shares to $250 from $300. The analyst expects continued multiple compression after the company's wireless outlook came in worse than expected. He believes Broadcom's wireless revenue is likely to decline in fiscal 2019.
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