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AVGO

Broadcom

$277.94

6.44 (2.37%)

10:05
12/01/17
12/01
10:05
12/01/17
10:05

Technical View: Broadcom trades near session lows

The shares are underperforming, last down over 3.2% to $268.91. That is off the earlier low at $268.08 which is now support. Resistance is at the $270 area.

  • 06

    Dec

AVGO Broadcom
$277.94

6.44 (2.37%)

11/20/17
OPCO
11/20/17
NO CHANGE
Target $30
OPCO
Outperform
Marvell price target raised to $30 from $23 at Oppenheimer
Oppenheimer analyst Rick Schafer raised his price target for Marvell (MRVL) to $30 from $23 after the company announced plans to acquire Cavium (CAVM) in a 50/50 cash/stock transaction valuing the latter at about $84/share. The analyst believes that acquiring Cavium increases Marvell's exposure to the datacenter/networking markets, creating a robust portfolio to better compete against powerhouse Broadcom (AVGO). Schafer sees the deal as a strategic use of Marvell's $1.6B in cash, and says he is bullish on the combination. He reiterates an Outperform rating on Marvell's shares.
11/27/17
BMOC
11/27/17
NO CHANGE
Target $25
BMOC
Market Perform
Marvell price target raised to $25 from $16 at BMO Capital
BMO Capital analyst Ambrish Srivastava raised his price target on Marvell (MRVL) to $25 in the wake of its Cavium (CAVM) acquisition, saying the deal makes sense since the combined entity will have greater earnings power as smaller companies find it increasingly more challenging to compete. Srivastava says that while there is some overlap between the two entities, there are enough businesses that complement each other, allowing for better positioning relative to Broadcom (AVGO). The analyst keeps his Market Perform rating on Marvell.
11/29/17
11/29/17
DOWNGRADE
Target $75

Hold
Qualcomm downgraded to Hold after Broadcom bid at Stifel
As previously reported, Stifel analyst Kevin Cassidy downgraded Qualcomm (QCOM) to Hold from Buy, arguing that the risk in the shares is now greater than the potential reward following the company's recent rejection of Broadcom's (AVGO) $70 per share bid. If Broadcom withdraws the offer, Qualcomm shares may return to the $47-$55 range, while if an acquisition deal is struck the price could be a mix of cash and stock in the high-$70 to $80 range, Cassidy believes. He raised his price target on Qualcomm to $75 from $65 based on the potential for an increased offer, which he expects.
11/29/17
ADAM
11/29/17
NO CHANGE
Target $313
ADAM
Buy
Broadcom could offer $100 for Qualcomm in accretive deal, says Canaccord
Canaccord analyst T. Michael Walkley raised his estimates on Broadcom (AVGO) ahead of its Q4 results. The analyst anticipates an increased offer for Qualcomm (QCOM) and said a deal would still be accretive at $100 per share. The combination would make Broadcom the third largest semiconductor company in the world and would position it for strong long-term earnings and cash flow generation, said, Walkley, who reiterated his Buy rating and raised his price target to $313 from $300 on Broadcom shares.

TODAY'S FREE FLY STORIES

23:00
12/13/17
12/13
23:00
12/13/17
23:00
General news
PBoC nudged rates higher »

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LPSN

LivePerson

$11.05

-0.05 (-0.45%)

20:28
12/13/17
12/13
20:28
12/13/17
20:28
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LivePerson initiated at B. Riley FBR »

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  • 13

    Dec

HUSKF

Husky Energy

$12.42

-0.1177 (-0.94%)

20:26
12/13/17
12/13
20:26
12/13/17
20:26
Upgrade
Husky Energy rating change at Goldman Sachs »

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COP

ConocoPhillips

$51.68

-0.28 (-0.54%)

20:25
12/13/17
12/13
20:25
12/13/17
20:25
Upgrade
ConocoPhillips rating change at Goldman Sachs »

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  • 13

    Dec

  • 14

    Dec

SAFM

Sanderson Farms

$167.64

0.64 (0.38%)

20:25
12/13/17
12/13
20:25
12/13/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

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  • 14

    Dec

DB

Deutsche Bank

$19.33

-0.05 (-0.26%)

19:17
12/13/17
12/13
19:17
12/13/17
19:17
Hot Stocks
DBNY, DBTCA raise prime lending rate to 4.5% from 4.25% »

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T

AT&T

$38.04

-0.06 (-0.16%)

18:47
12/13/17
12/13
18:47
12/13/17
18:47
Hot Stocks
AT&T and Communications Workers of America reach tentative agreement »

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BMY

Bristol-Myers

$63.47

0.19 (0.30%)

18:33
12/13/17
12/13
18:33
12/13/17
18:33
Hot Stocks
Bristol-Myers granted exclusive license by Ono Pharma to develop ONO-4578 »

Bristol-Myers and Ono…

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  • 18

    Jan

  • 05

    Mar

WFC

Wells Fargo

$59.40

-0.93 (-1.54%)

18:15
12/13/17
12/13
18:15
12/13/17
18:15
Hot Stocks
Breaking Hot Stocks news story on Wells Fargo »

Wells Fargo raises prime…

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  • 15

    Jan

HBAN

Huntington Bancshares

$14.58

-0.23 (-1.55%)

18:10
12/13/17
12/13
18:10
12/13/17
18:10
Hot Stocks
Huntington Bancshares raises prime rate to 4.5% from 4.25% »

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ASB

Associated Banc-Corp

$25.10

-0.2 (-0.79%)

18:06
12/13/17
12/13
18:06
12/13/17
18:06
Hot Stocks
Breaking Hot Stocks news story on Associated Banc-Corp »

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UBS

UBS

$17.90

0.035 (0.20%)

18:05
12/13/17
12/13
18:05
12/13/17
18:05
Periodicals
UBS Wealth Management president Zeltner close to stepping down, Bloomberg says »

UBS Wealth Management…

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PFE

Pfizer

$36.64

0.06 (0.16%)

18:03
12/13/17
12/13
18:03
12/13/17
18:03
Hot Stocks
Pfizer announces FDA approves IXIFI, a biosimilar to Remicade »

Pfizer announced that the…

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  • 04

    Jan

CNP

CenterPoint Energy

$28.40

0.02 (0.07%)

18:03
12/13/17
12/13
18:03
12/13/17
18:03
Hot Stocks
CenterPoint Energy raises quarterly dividend 4% to 27.75c per share »

CenterPoint Energy…

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MDXG

MiMedx

$11.99

-0.26 (-2.12%)

18:03
12/13/17
12/13
18:03
12/13/17
18:03
Recommendations
MiMedx analyst commentary at Piper Jaffray »

Piper reiterates…

03/08/13
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  • 13

    Dec

CE

Celanese

$108.31

1.34 (1.25%)

18:01
12/13/17
12/13
18:01
12/13/17
18:01
Hot Stocks
Celanese raises acetyl intermediates products prices »

Raises price on Vinyl…

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WAL

Western Alliance

$57.30

-1.25 (-2.13%)

18:01
12/13/17
12/13
18:01
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18:01
Hot Stocks
Western Alliance: Sarver to transition from chairman, CEO to exec chairman in Q1 »

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USB

U.S. Bancorp

$54.60

-0.9 (-1.62%)

18:01
12/13/17
12/13
18:01
12/13/17
18:01
Hot Stocks
U.S. Bancorp raises prime lending rate to 4.50% from 4.25%, effective Dec 14 »

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  • 17

    Jan

WBS

Webster Financial

$56.16

-0.73 (-1.28%)

18:00
12/13/17
12/13
18:00
12/13/17
18:00
Hot Stocks
Webster raises prime lending rate to 4.5% from 4.25% »

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  • 14

    Dec

HSBC

HSBC

$51.44

0.89 (1.76%)

17:56
12/13/17
12/13
17:56
12/13/17
17:56
Hot Stocks
Breaking Hot Stocks news story on HSBC »

HSBC raises prime,…

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WTR

Aqua America

$37.59

0.32 (0.86%)

17:47
12/13/17
12/13
17:47
12/13/17
17:47
Hot Stocks
Aqua America names CEO Christopher Franklin as board chairman »

Aqua America announced…

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  • 17

    Jan

MSFT

Microsoft

$85.35

-0.23 (-0.27%)

17:38
12/13/17
12/13
17:38
12/13/17
17:38
Hot Stocks
Microsoft launches new AI-powered search features for Bing »

Microsoft announced in a…

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  • 18

    Jan

TCF

TCF Financial

$20.24

-0.16 (-0.78%)

17:36
12/13/17
12/13
17:36
12/13/17
17:36
Hot Stocks
Breaking Hot Stocks news story on TCF Financial »

TCF Financial raises…

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CMA

Comerica

$84.81

-1.06 (-1.23%)

17:34
12/13/17
12/13
17:34
12/13/17
17:34
Hot Stocks
Comerica Bank raises prime rate to 4.5% from 4.25% »

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  • 16

    Jan

CMCM

Cheetah Mobile

$11.18

-0.02 (-0.18%)

17:33
12/13/17
12/13
17:33
12/13/17
17:33
Hot Stocks
Breaking Hot Stocks news story on Cheetah Mobile »

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