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Analysts at JPMorgan Chase & Co. raised their target price on shares of Avago Technologies (NYSE:AVGO) from $47.00 to $61.00 in a research report issued to clients and investors on Friday. JPMorgan Chase & Co.’s price target would suggest a potential downside of 13.83% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Avago Technologies in a research note on Friday. They now have a $78.00 price target on the stock, up previously from $2.00. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $74.88.

Shares of Avago Technologies (NYSE:AVGO) traded down 0.17% during mid-day trading on Friday, hitting $70.67. 3,670,505 shares of the company’s stock traded hands. 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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