Market Overview

D.A. Davidson Reiterates Neutral Rating, $38 PT on Avago Technologies

Share:
Related AVGO
Stocks Hitting 52-Week Highs
Benzinga's Top Initiations
Bendgate Repeated? Apple iPhone 6 Suffers 'Touch Disease,' Says iFixit (Investor's Business Daily)

In a report published Friday, D.A. Davidson & Co. reiterated its Neutral rating and $38.00 price target on Avago Technologies Ltd. (NASDAQ: AVGO).

D.A. Davidson noted, “While we are encouraged by the Wireless business and further investment in FBAR, we remain concerned about the decrease in Industrial revenue and clouded Wired outlook. We see strong growth continuing in the Wireless segment and a potential bottom in others, but we don't expect tremendous growth at this time. Our new estimates for FY2013 are for flattish revenue and EPS. We are maintaining our NEUTRAL rating. Our $38 price target is based on 13.5x our FY2013 EPS estimate of $2.80.”

Avago Technologies Ltd. closed on Thursday at $35.10.

Latest Ratings for AVGO

DateFirmActionFromTo
Aug 2016BairdInitiates Coverage onOutperform
Jun 2016Craig-HallumMaintainsBuy
Jun 2016SunTrust Robinson HumphreyMaintainsBuy

View More Analyst Ratings for AVGO
View the Latest Analyst Ratings

Posted-In: D.A. Davidson & Co.Analyst Color Reiteration Analyst Ratings

 

Related Articles (AVGO)

View Comments and Join the Discussion!