Avago pullback a buying opportunity, says Citigroup Citigroup recommends using the recent weakness in shares of Avago to add to positions in the name. After meeting with the company at CES, Citi believes iPhone fears are overblown and that Avago is well positioned to meet its January quarter wireless guidance. The firm keeps a Buy rating on the stock with a $45 price target.
Avago price target raised to $109 from $99 at RBC Capital RBC Capital increased its price target on Avago (AVGO) based on strong sales of Apple's (AAPL) iPhone. The firm also notes that three other RF-based semiconductor companies recently reported strong results. The firm keeps an Outperform rating on Avago.