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Stock Market & Financial Investment News

News Breaks
April 9, 2014
07:28 EDTLSI, AVGOAvago price target raised to $76 from $65 at Canaccord
Canaccord raised its price target on Avago (AVGO) citing its growth potential in the China TD-LTE market, strong RF participation in the smartphones market, and improved margins following the close of its acquisition of LSI Corp (LSI). Shares are Buy rated.
News For AVGO;LSI From The Last 14 Days
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December 16, 2014
07:41 EDTAVGOSome semconductor names to benefit from LTE, auto strength, says Oppenheimer
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December 9, 2014
08:06 EDTAVGOAvago announces 35c per share interim dividend
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December 5, 2014
10:40 EDTAVGOOptions with decreasing implied volatility
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December 4, 2014
10:24 EDTAVGOOptions with decreasing implied volatility: AVNR ASNA ANF AVGO PVH
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09:23 EDTAVGOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Avago (AVGO), up 7.2%... Kroger (KR), up 3.1%... Rite Aid (RAD), up 3.1%... Sears Holdings (SHLD), up 2.3%. ALSO HIGHER: Array Biopharma (ARRY), up 24% after reaching a definitive agreement with Novartis (NVS) to regain full worldwide rights to binimetinib... Hawaiian Electric (HE), up 13.5% following merger announcement with NextEra Energy (NEE)... SinoCoking Coal (SCOK), up 14.2% after beginning construction of second aboveground Syngas facility... Plug Power (PLUG), up 12.3% after announcing $20M ReliOn fuel cell contract... Mobileye (MBLY), up 3.4% after being upgraded to Buy from Hold at Deutsche Bank... CTI BioPharma (CTIC), up 3.6% following $15M payment from Teva for TRISENOX... TASER (TASR), up 3% after receiving multiple orders of AXON body cameras. DOWN AFTER EARNINGS: Barnes & Noble (BKS), down 7.6%... Express (EXPR), down 11.3%... Toronto-Dominion Bank (TD), down 1.4%... Toro Company (TTC), down 1.1%... Aeropostale (ARO), down 14.1%. ALSO LOWER: Kindred Biosciences (KIN), down 29.3% after announcing that it will discontinue its AtoKin study... UTi Worldwide (UTIW), down 13% after saying that there are no current talks with DSV A/S... Agree Realty (ADC), down 3.7% after 2.1M share Spot Secondary priced at $29.90.
08:19 EDTAVGOAvago price target raised to $120 from $100 at Oppenheimer
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08:09 EDTAVGOAvago price target raised to $115 from $90 at Pacific Crest
Pacific Crest hiked its price target on Avago after the company reported better than expected Q4 results and provided stronger than expected Q1 guidance. The firm notes that the company achieved $200M in cost synergies from LSI ahead of schedule. It keeps an Outperform rating on the shares.
07:54 EDTAVGOAvago price target raised to $122 from $97 at Canaccord
Canaccord raised its price target on Avago (AVGO) to $122 from $97 following strong Q4 results, which were driven by strength in its wireless division. The firm cited Avago's Apple (AAPL) relationship, industry leading proprietary FBAR filter portfolio, and growing sales to the China LTE smartphone OEM base. Canaccord reiterated its Buy rating on Avago shares.
07:53 EDTAVGOAvago price target raised to $120 from $105 at Brean Capital
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07:28 EDTAVGOAvago price target raised to $115 from $87 at UBS
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07:28 EDTAVGOAvago sees Q1 non-GAAP revenue flat to up 4%
Consensus $1.51B. Sees Q1 non-GAAP gross margin 57.5% +/- 1%. Capital expenditures for FY15 are expected to be approximately $600M, of which approximately $200M is expected to occur in the first quarter. Revenue, margin and capex guidance issued last night in conjunction with Q4 report.
07:14 EDTAVGOAvago price target raised to $110 from $105 at Citigroup
Citigroup raised its price target for Avago shares to $110 saying the company is "firing on all cylinders" following its October quarter earnings report. Citi keeps a Buy rating on the stock.
06:30 EDTAVGOAvago price target raised to $115 from $100 at Deutsche Bank
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