KeyBanc analyst John Vinh lowered his price target for Broadcom to $310 from $350 following the company's "mixed' Q2 results and lowered FY19 guidance, reflecting the impacts of the Huawei ban and recent increase in tariffs to 25%, as the broad-based impact is causing customers to take a more cautious view of the second half of 2019. Vinh, who maintains an Overweight rating, tells investors in a research note that he believes the benefits of M&A will limit EPS downside in the current downturn and like the long-term opportunities in wireless and data center.

Barclays analyst Tom O'Malley raised the firm's price target on Broadcom (AVGO) to $1,500 from $1,405 and keeps an Overweight rating on the shares after hosting management for meetings. Broadcom is one of the unique companies that has a comprehensive view of the semis industry while also capable of providing an "intimate look" at the artificial intelligence market via custom silicon, the analyst tells investors in a research note. The firm says management highlighted the company's inroads with the consumer-facing AI world, providing a differing viewpoint versus Nvidia's (NVDA) vision of the world - pointing to a two-part market of consumer and enterprise that could grow to a 50/50 split over time. Barclays came away from the meetings "with a valuable second opinion on the future of AI and a greater appreciation for the company's many ways to win."

Barclays analyst Tom O'Malley raised the firm's price target on Broadcom to $1,500 from $1,405 and keeps an Overweight rating on the shares. The analyst increased the price after hosting management for meetings.