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Fly News Breaks for June 14, 2019
AVGO
Jun 14, 2019 | 08:33 EDT
Jefferies analyst Mark Lipacis lowered his price target for Broadcom to $324 from $370 after the company reduced its revenue outlook but he keeps a Buy rating on the shares. The analyst expects an inventory restock in the second half of 2019 and view Broadcom's risk/reward as attractive.
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