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Avago Technologies (AVGO) late Wednesday beat Wall Street’s fiscal Q4 earnings forecast and Q1 outlook, prompting numerous analysts on Thursday to raise their price targets on the chipmaker’s stock. “We believe Avago’s industry-leading proprietary FBAR (film bulk acoustic resonator) filter portfolio, strong position with Apple (AAPL) and Samsung and growing sales to the China LTE smartphone OEM base position the company to benefit from our Scalper1 News
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