UPDATE: J.P. Morgan Lowers Avago Technologies' PT
According to a research report published this morning, J.P. Morgan has lowered Avago Technologies' (NASDAQ: AVGO) PT from $33 to $32.
In the report, J.P. Morgan mentioned, " Yesterday after the close, Avago reported F2Q12 EPS above our estimate and consensus. However, the company guided F3Q12 revenue below normal seasonality and consensus due to wireless product transitions and shortages of 28-nanometer Qualcomm baseband ICs. We remain Neutral due to lack of leverage."
Avago Technologies closed yesterday at $31.27.
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