Piper Jaffray analyst Harsh Kumar believes Broadcom will likely have to lower its full-year guidance due to the recent ban on shipments to Huawei. The analyst estimates the impact to be roughly $150M on a quarterly basis, with the earnings impact being partially offset by CA cost cuts and share repurchases. As a result, Kumar reduced his estimates ahead of the quarter to remove the expected impact of Huawei. Despite the estimate reduction, however, he believes 5G represents a "sizeable" growth driver in fiscal 2020 for Broadcom. He lowered his price target for the shares to $305 from $310 and reiterates an Overweight rating on the name.