Morgan Stanley Names Broadcom Top Pick For The Remainder Of The Year

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It’s common knowledge that semiconductor stocks have been on a tear this year. Less obvious, is that Broadcom Ltd (NASDAQ: AVGO) could be the second half’s best performer.

Morgan Stanley analyst Craig Hettenbach reiterated an Overweight rating on Broadcom shares with a price target raised from $280 to $290.

Latest Ratings for AVGO

Date Firm Action From To
Jul 2017 Morgan Stanley Maintains Overweight
Jun 2017 Raymond James Reinstates Strong Buy
Mar 2017 Macquarie Initiates Coverage On Outperform

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