Argus Research Initiates Avago Technologies With Buy

Analysts at Argus Research initiated coverage on

with a Buy rating. The target price for Avago Technologies is set to $163. Avago Technologies shares have gained 97.74 percent over the past 52 weeks, while the S&P 500 index has surged 8.40 percent in the same period. Avago Technologies' shares closed at $141.64 in pre-market trading.