Analysts at Argus Research initiated coverage on Avago Technologies Ltd AVGO 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.
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