Why Broadcom Stock Dipped Into the red Today
An analyst's recommendation downgrade didn't do any favors for (NASDAQ: AVGO) stock on Tuesday. That, plus the latest news of a company developing a proprietary artificial intelligence (AI) chip, pushed Broadcom's equity down by almost 1% that trading session.
The downgrading party was Austrian bank Erste Group. That morning, its analyst Hans Engel moved his Broadcom recommendation down one peg to hold from buy. It was unclear what price target the pundit set.
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Source Fool.com
Broadcom Ltd. Stock
€337.80
0.490%
With 82 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 396 € there is a slightly positive potential of 17.23% for Broadcom Ltd. compared to the current price of 337.8 €.
