Why Broadcom Stock Edged Higher on Friday
Chip company (NASDAQ: AVGO) finished the trading week on a high, with its share price closing the day with a 1.5% gain. A price target raise from an analyst tracking the stock played a large part in that improvement. The company's rise essentially matched that of the S 500 (SNPINDEX: ^GSPC).
That price target bump came from Piper Sandler's Harsh Kumar, who changed his fair-value assessment on Broadcom stock to $315 per share from the preceding $300. Kumar remains a Broadcom bull, as he maintained his overweight (i.e., buy) recommendation on the shares.
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Source Fool.com
Broadcom Ltd. Aktie
322,85 €
-0,15 %
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