Market Overview

UPDATE: D.A. Davidson & Co. Reiterates On Avago Technologies Ltd. After July Results Exceed Expectations

Share:
Related AVGO
Mizuho Initiates On Semiconductors; Sector Is Moving
Avago Shares Initiated Buy, Mizuho Sees 'Strong' 4G
Best And Worst Performing S&P 500 Stocks Year-To-Date (Seeking Alpha)

In a report published Friday, D.A. Davidson & Co. analyst Thomas Diffely reiterated a Neutral rating on Avago Technologies Ltd. (NASDAQ: AVGO), and raised the price target from $75.00 to $84.00.

In the report, D.A. Davidson & Co. noted, “F3Q (Jul) results exceed expectations. Non-GAAP revenue and EPS of $1,394 million and $1.26 per share exceeded the Street mean of $1,335 million and $1.05 per share. Performance across Wireless, Wired Infrastructure and Enterprise Storage were in line with expectations while the Industrial segment grew above expectations. Margin and earnings upside were aided by the discontinuation of a couple of loss making groups from LSI.”

Avago Technologies Ltd. closed on Thursday at $76.36.

Latest Ratings for AVGO

DateFirmActionFromTo
May 2015Mizuho SecuritiesInitiates Coverage onBuy
May 2015BarclaysAssumesOverweight
Mar 2015CitigroupMaintainsBuy

View More Analyst Ratings for AVGO
View the Latest Analyst Ratings

Posted-In: D.A. Davidson & Co. Thomas DiffelyAnalyst Color Price Target Analyst Ratings

 

Related Articles (AVGO)

Around the Web, We're Loving...