2022-09-06 09:20:53 CALX Calix
Broadcom
09/06/22 09/0609:20 09/06/2209:20 | Calix price target raised to $65 from $55 at NorthlandNorthland analyst Tim Savageaux raised the firm's price target on Calix (CALX) to $65 from $55 and keeps an Outperform rating on the shares. The analyst sees continued strength in "demand and resilience to a weakening macro" environment both among U.S. and global Tier 1 telecom providers as well as U.S. rural carriers. Broadcom (AVGO) CEO Hock Tan could not have been more emphatic last week in noting the contrast between continued strong infrastructure demand from telecom and cloud service providers and consumer weakness, Savageaux tells investors in a research note. He sees positive readthrough for Broadcom systems level customers like Calix. Calix
Broadcom
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