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Equities researchers at RBC Capital hoisted their price objective on shares of Avago Technologies (NYSE:AVGO) from $82.00 to $87.00 in a research report issued on Friday. RBC Capital’s price objective indicates a potential upside of 22.90% from the stock’s previous close.

Avago Technologies (NYSE:AVGO) opened at 70.79 on Friday. Avago Technologies has a 1-year low of $35.62 and a 1-year high of $71.28. The stock has a 50-day moving average of $65.25 and a 200-day moving average of $57.55. The company has a market cap of $17.685 billion and a price-to-earnings ratio of 31.59.

A number of other analysts have also recently weighed in on AVGO. 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. Separately, analysts at Morgan Stanley raised their price target on shares of Avago Technologies from $68.00 to $80.00 in a research note on Wednesday. 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. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.47.

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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