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AVGO

Broadcom

$281.95

1.84 (0.66%)

08:58
06/14/19
06/14
08:58
06/14/19
08:58

Broadcom price target lowered to $307 from $339 at SunTrust

SunTrust analyst William Stein lowered his price on Broadcom to $307 after its "mixed" Q1 results and reduced FY19 guidance "poured cold water" on the expected second-half of 2019 recovery in semiconductors. The analyst cites the management's acknowledgement that trade tensions and Huawei export ban make expectations of a second-half recovery unrealistic, but keeps his Buy rating on Broadcom and contends that the 8% sell-off in the stock price during the afterhours session was "at least partly overdone". Stein cuts his FY19 and FY20 EPS estimates by 33c and $2.68 to $22.24 and $24.98, but notes that Broadcom offers "good" margin stability, traction in CA Technologies performance, and dividend growth trajectory.

  • 09

    Jul

AVGO Broadcom
$281.95

1.84 (0.66%)

06/14/19
MSCO
06/14/19
NO CHANGE
Target $250
MSCO
Equal Weight
Broadcom price target lowered to $250 from $262 at Morgan Stanley
Morgan Stanley analyst Craig Hettenbach lowered his estimates ahead of Broadcom's earnings report but he is making additional cuts following the report and the company's 8% lowering of its FY19 revenue guidance due to weaker demand. Huawei is roughly a 4% customer, so the negative outlook is "above and beyond" the impact from just that company, said Hettenbach, whose negative near-term view on the business is balanced by the company's "industry leading margins." He keeps an Equal Weight rating on Broadcom, which is down 9.5% in pre-market trading to $255 per share.
06/14/19
DADA
06/14/19
NO CHANGE
Target $300
DADA
Buy
Broadcom price target lowered to $300 from $325 at DA Davidson
DA Davidson analyst Thomas Diffely lowered his price target on Broadcom to $300 after the company reported a "light" quarter and cut its outlook for the year because of a sharper than anticipated slowdown in Wireless, softness in Storage, and the loss of revenue associated with the Huawei export restrictions. The analyst says he is also adopting a "more conservative" near-term stance, taking Huawei completely out of his model and cutting his FY20 EPS estimates to $24 from $26 per shares to reflect the continued China trade war and inventory digestion by key OEM customers. Longer term however, Diffely keeps his Buy rating on Broadcom given the company's "product diversity, operational track record, cash generation, and best in class margins."
06/14/19
JEFF
06/14/19
NO CHANGE
Target $324
JEFF
Buy
Broadcom price target lowered to $324 from $370 at Jefferies
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.
06/14/19
CHLM
06/14/19
NO CHANGE
Target $315
CHLM
Buy
Broadcom price target lowered to $315 from $325 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss reiterated a Buy rating on Broadcom (AVGO) but lowered his price target to $315 after the company reported revenues below the Street and his estimate due to the impact of the Huawei ban as well as Apple (AAPL) weakness. Stoss tells investors in a research note that he still expects Broadcom to benefit from content growth at Apple this year due to the socket win back from Qorvo (QRVO) and new content associated with Wi-Fi 6 and says he continues to like Broadcom's position at Apple longer term and notes its recently signed two-year supply agreement positions the company well for 5G inclusion in iPhones likely coming next year.

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UNH

UnitedHealth

$247.78

-2.47 (-0.99%)

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KFY

Korn/Ferry

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Exelixis

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0.15 (0.71%)

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Korn/Ferry

$48.61

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EXEL

Exelixis

$21.14

0.15 (0.71%)

SEE

Sealed Air

$43.68

-0.13 (-0.30%)

PYPL

PayPal

$118.82

1.66 (1.42%)

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  • 20

    Jun

EXEL

Exelixis

$21.14

0.15 (0.71%)

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Roche

$0.00

(0.00%)

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RHHBY

Roche

$0.00

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INVH

Invitation Homes

$27.68

-0.07 (-0.25%)

18:55
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  • 21

    Jun

MDB

MongoDB

$173.76

-0.33 (-0.19%)

18:44
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MongoDB CEO: Every company is becoming a software company »

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  • 10

    Jul

VRML

Vermillion

$0.89

-0.1575 (-15.00%)

18:37
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CAT

Caterpillar

$133.66

2.97 (2.27%)

18:34
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Caterpillar CEO: We take a long-term view »

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UNH

UnitedHealth

$247.78

-2.47 (-0.99%)

18:22
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18:22
Periodicals
Breaking Periodicals news story on UnitedHealth »

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  • 20

    Jun

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BKS

Barnes & Noble

$6.71

0.055 (0.83%)

18:20
06/20/19
06/20
18:20
06/20/19
18:20
Downgrade
Barnes & Noble rating change at Gabelli »

Barnes & Noble…

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CSGP

CoStar Group

$555.39

-0.78 (-0.14%)

18:11
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18:11
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CoStar Group acquires Off Campus Partners »

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  • 13

    Nov

BDX

Becton Dickinson

$245.32

7.2 (3.02%)

17:55
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06/20
17:55
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17:55
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Becton Dickinson backs safety of its Lutonix drug-coated balloons in SFA »

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  • 20

    Jun

CPF

Central Pacific

$28.49

-0.13 (-0.45%)

17:41
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Central Pacific authorizes buyback of up to $30M in common stock »

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  • 06

    Nov

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    Nov

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    Nov

AEL

American Equity

$27.51

0.3 (1.10%)

17:33
06/20/19
06/20
17:33
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17:33
Hot Stocks
American Equity director Debra Richardson sells almost $2.2M in company shares »

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SEE

Sealed Air

$43.68

-0.13 (-0.30%)

17:28
06/20/19
06/20
17:28
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17:28
Earnings
Sealed Air backs FY19 adjusted EPS view $2.65-$2.75, consensus $2.73 »

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SEE

Sealed Air

$43.68

-0.13 (-0.30%)

17:27
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Sealed Air names James Sullivan as new CFO, effective June 24 »

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AJRD

Aerojet Rocketdyne

$43.01

1.49 (3.59%)

17:27
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17:27
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Aerojet Rocketdyne subsidiary awarded $140.18M missile defense modification »

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SEE

Sealed Air

$43.68

-0.13 (-0.30%)

17:25
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Sealed Air terminates CFO William Stiehl for cause, effective immediately »

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BBU

Brookfield Business Partners

$41.25

1.28 (3.20%)

, BAM

Brookfield

$48.38

0.29 (0.60%)

17:15
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Syndicate
Brookfield Business Partners announces $795M equity offering »

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BBU

Brookfield Business Partners

$41.25

1.28 (3.20%)

BAM

Brookfield

$48.38

0.29 (0.60%)

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  • 08

    Aug

AXLA

Axcella

$10.39

0.27 (2.67%)

17:13
06/20/19
06/20
17:13
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17:13
Earnings
Axcella reports Q1 EPS ($2.43), consensus (49c) »

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LKSD

LSC Communications

$5.83

0.07 (1.22%)

17:11
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LSC comments on DOJ action regarding proposed transaction with Quad »

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QUAD

Quad/Graphics

$9.75

0.09 (0.93%)

, LKSD

LSC Communications

$5.83

0.07 (1.22%)

17:10
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Quad/Graphics intends to defend proposed LSC Communications acquisition »

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QUAD

Quad/Graphics

$9.75

0.09 (0.93%)

LKSD

LSC Communications

$5.83

0.07 (1.22%)

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SFM

Sprouts Farmers Market

$19.52

0.14 (0.72%)

17:04
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Sprouts Farmers Market interim co-CEO/CFO Brad Lukow resigns »

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  • 13

    Nov

NAKD

Naked Brand Group

$0.27

0.0025 (0.93%)

17:03
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17:03
Syndicate
Breaking Syndicate news story on Naked Brand Group »

Naked Brand Group files…

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HPQ

HP Inc.

$20.85

0.22 (1.07%)

16:57
06/20/19
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HP Inc. General Counsel sells 20K shares of common stock »

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  • 28

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CPT

Camden Property

$107.61

0.57 (0.53%)

16:54
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Camden Property COO sells 16.2K shares of common stock »

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