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Fly News Breaks for December 7, 2018
AVGO
Dec 7, 2018 | 07:31 EDT
Oppenheimer analyst Rick Schafer reiterated an Outperform rating and $315 price target on Broadcom following the company's Q4 results, which topped expectations. In a research note to investors, Schafer says investors were likely "surprised" by management's decision to provide only annual guidance going forward. He sees CA strengthening Broadcom's emerging capital-allocation story and believes Broadcom has one of the most strategically and financially attractive business models in semiconductors.
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