Avago share discount should shrink vs. peers, says Deutsche Bank Deutsche Bank said Avago delivered strong results and guidance and sees numerous product cycles that should accelerate in 2014. The analyst expects Avago's discounted valuation vs. peers to shrink and reiterates its Buy rating and $45 price target.
News For AVGO From The Last 14 Days
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Avago upgraded to Buy from Neutral at DA Davidson DA Davidson upgraded Avago ahead of the December 4 report given a robust long-term growth outlook. The firm expects Q4 earnings to be slightly above consensus expectations but for the focus to be on BAW filter adoption and its strategic positioning and exposure to emerging LTE, which will drive significant top-line growth. Price target is $55.