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Jefferies Group boosted their target price on shares of Avago Technologies (NYSE:AVGO) from $49.00 to $60.00 in a research note issued on Wednesday, American Banking and Market News reports. Jefferies Group’s price target suggests a potential upside of 1.69% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Avago Technologies from $64.00 to $66.00 in a research note on Wednesday. Separately, analysts at Credit Suisse raised their price target on shares of Avago Technologies from $50.00 to $65.00 in a research note on Wednesday. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Avago Technologies from $40.00 to $47.00 in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $58.25.

Avago Technologies (NYSE:AVGO) traded up 4.92% during mid-day trading on Wednesday, hitting $61.90. The stock had a trading volume of 4,912,497 shares. Avago Technologies has a one year low of $30.57 and a one year high of $60.00. The stock has a 50-day moving average of $55.94 and a 200-day moving average of $46.83. The company has a market cap of $15.407 billion and a P/E ratio of 26.94.

Avago Technologies Limited is a designer, developer and global supplier of a range of analog semiconductor devices with a focus on III-V based products.

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