Morgan Stanley Raises Price Target On Broadcom Following Solid Quarter

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

In a report published Friday, Morgan Stanley analyst Joseph Moore reiterated an Overweight rating on Broadcom Corporation (NASDAQ: BRCM), and raised the price target from $47.00 to $50.00.In the report, Morgan Stanley noted, “We continue to like Broadcom stock. With non GAAP EPS now including stock comp expense, the stock is much less expensive than peers on comparable accounting, with prospects for a pickup in networking and broadband and limited headwind in connectivity. Remain Overweight, PT from $47 to $50.”Broadcom closed on Thursday at $41.31.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!