Bernstein says that the spread between Broadcom's (BRCM) share price and its acquisition price stands at about 9%, significantly wider than other big semi deals currently in progress. The firm blames the large spread on worries about shareholder approval, regulatory risk and the possibility that Broadcom''s acquirer, Avago (AVGO), might receive its own takeover bid. However, the firm does not believe that the risks of the Broadcom deal collapsing are significantly larger than the risks facing the other deals. The firm keeps a $60 price target and Outperform rating on Broadcom.

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.