Drexel Hamilton Initiates Avago Technologies At Buy

Drexel Hamilton initiated coverage on Avago Technologies Ltd AVGO with a Buy rating. The target price for Avago Technologies is set to $180. Avago Technologies shares have gained 105.21 percent over the past 52 weeks, while the S&P 500 index has surged 9.74 percent in the same period. Avago Technologies' shares closed at $146.62 in after-hours trading.