FTC Orders Broadcom To Cease Monopolistic Conduct
The Federal Trade Commission filed a proposed consent order to settle antitrust charges against Broadcom Inc (NASDAQ:AVGO). It requires Broadcom to stop…
Return On Capital Employed Overview: Broadcom
Broadcom (NASDAQ:AVGO) posted Q2 earnings of $1.98 billion, an increase from Q1 of 7.51%. Sales dropped to $6.61 billion, a 0.68% decrease between quarters. In Q1, Broadcom brought in $6.66 billion in sales but only earned $1.84 billion.
Chip Shortage Bringing Record Business For Supply-Chain Intermediaries Avnet, Arrow Electronics: WSJ
The ongoing global semiconductor shortage is boosting business opportunities for semiconductor industry intermediaries, or authorized distributors, as they are able to source parts faster, according to the WSJ report.
Citigroup Maintains Buy on Broadcom, Raises Price Target to $528
Citigroup analyst Christopher Danely maintains Broadcom (NASDAQ:AVGO) with a Buy and raises the price target from $500 to $528.
Deutsche Bank Maintains Buy on Broadcom, Raises Price Target to $525
Deutsche Bank analyst Ross Seymore maintains Broadcom (NASDAQ:AVGO) with a Buy and raises the price target from $500 to $525.
Mizuho Maintains Buy on Broadcom, Raises Price Target to $520
Mizuho analyst Vijay Rakesh maintains Broadcom (NASDAQ:AVGO) with a Buy and raises the price target from $490 to $520.
10 Biggest Price Target Changes For Thursday
Stephens & Co. boosted the price target for Casey's General Stores, Inc. (NASDAQ: CASY) from $215 to $250. Casey's shares rose 0.4% to close at $215.60 on Thursday.
Morgan Stanley Maintains Overweight on Broadcom, Raises Price Target to $555
Morgan Stanley analyst Craig Hettenbach maintains Broadcom (NASDAQ:AVGO) with a Overweight and raises the price target from $538 to $555.
Rosenblatt Maintains Buy on Broadcom, Raises Price Target to $550
Rosenblatt analyst Hans Mosesmann maintains Broadcom (NASDAQ:AVGO) with a Buy and raises the price target from $540 to $550.
Barclays Maintains Overweight on Broadcom, Raises Price Target to $525
Barclays analyst Blayne Curtis maintains Broadcom (NASDAQ:AVGO) with a Overweight and raises the price target from $500 to $525.