Avago Gets Price Boost On Strength In End Markets

By | September 9, 2014

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Avago Technologies (AVGO) got a price target increase from Barclays on Tuesday following the Singapore-based chipmaker’s recent better-than-expected Q3 earnings and solid prospects in the evolving smartphone market and in the rollout of 4G wireless in China. Barclays analyst Blayne Curtis reiterated an overweight rating on Avago stock and boosted his price target to 100 from 90. “The FBAR (film bulk acoustic resonator) secular growth story Scalper1 News

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