Avago Technologies Given “Overweight” Rating at Morgan Stanley (AVGO)
Avago Technologies (NYSE:AVGO)‘s stock had its “overweight” rating reiterated by equities research analysts at Morgan Stanley in a research note issued to investors on Friday. They currently have a $78.00 target price on the stock, up from their previous target price of $2.00. Morgan Stanley’s price target would suggest a potential upside of 10.19% from the company’s current price.
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 $82.00 to $87.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Avago Technologies from $76.00 to $83.00 in a research note on Friday. Finally, analysts at Credit Suisse raised their price target on shares of Avago Technologies from $65.00 to $75.00 in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $74.88.
Avago Technologies (NYSE:AVGO) traded down 0.17% on Friday, hitting $70.67. The stock had a trading volume of 3,670,505 shares. Avago Technologies has a 52 week low of $35.62 and a 52 week high of $71.28. The stock’s 50-day moving average is $65.25 and its 200-day moving average is $57.55. The company has a market cap of $17.655 billion and a P/E ratio of 31.90.
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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