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After Failed Takeover, Vetr Turns Bullish On Broadcom

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The Vetr crowd on Monday upgraded its rating on Broadcom Limited (NASDAQ: AVGO) from 3 stars (Hold), issued two weeks ago, to 4 stars (Buy). Crowd sentiment at the time of the upgrade was edging positive, with 55 percent of Vetr user ratings bullish.

Vetr's upgrade comes the same day as QUALCOMM, Inc. (NASDAQ: QCOM) rejected a substantial $105 billion takeover offer from the semiconductor maker. News of the deal's failure caused a slight dip in Broadcom's share price on the open. However, the stock made back that lower start and finished the day up at $265.01.

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Currently, the Vetr crowd's average price target on Broadcom is up at $291.95. Less than 2 percent of Vetr users are holding AVGO in their watch-lists.

Latest Ratings for AVGO

DateFirmActionFromTo
May 2018Cowen & Co.AssumesOutperform
May 2018NomuraDowngradesBuyNeutral
May 2018Bank of AmericaMaintainsBuyBuy

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Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings General

 

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