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Avago Tech (AVGO) [hlAlert]

Rating:
Buy AVGO
down 10.69 %

Avago Tech (AVGO) rated Buy with price target $163 by Argus

Posted on: Wednesday,  Jun 24, 2015  8:25 AM ET by Argus

Argus rated Buy Avago Tech (NASDAQ: AVGO) on 06/24/2015, when the stock price was $141.38. Since
then, Avago Tech has lost 10.69% as of 01/08/2016's recent price of $126.26.
If you would have followed this Argus's recommendation on AVGO, you would have lost 10.69% of your investment in 198 days.

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. The Company?s product portfolio includes approximately 7,000 products in four primary target markets: industrial and automotive electronics, wired infrastructure, wireless communications, and consumer and computing peripherals. Applications for its products in these target markets include cellular phones, consumer appliances, data networking and telecommunications equipment, enterprise storage and servers, factory automation, displays, optical mice and printers. Avago Technologies Limited?s locations include two design centers in the United States, four in Asia and three in Europe. The Company has developed a portfolio of intellectual property that includes more than 5,000 United States and foreign patents and patent applications.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/24/2015 8:25 AM Buy
None
141.38 163.00
as of 8/27/2015
1 Week up  3.02 %
1 Month down  -10.85 %
3 Months down  -10.69 %
1 YTD down  -10.69 %

(*) Stock Price at the time of the recommendation.
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