Wolfe Research Initiates Coverage On Broadcom with Peer Perform Rating
Portfolio Pulse from richadhand@benzinga.com
Wolfe Research analyst Chris Caso has initiated coverage on Broadcom (NASDAQ:AVGO) with a Peer Perform rating.
July 20, 2023 | 8:24 am
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NEUTRAL IMPACT
Broadcom has been initiated with a Peer Perform rating by Wolfe Research, indicating an expectation of average performance relative to peers.
The Peer Perform rating from Wolfe Research suggests that Broadcom's stock is expected to perform in line with its peers in the short term. This neutral rating does not indicate a strong buy or sell signal, hence the score of 0. The relevance is 100 as the news is directly about Broadcom. The importance is set at 70 as analyst ratings can influence investor sentiment and stock performance. The confidence level is 90, reflecting the clear and direct nature of the news.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100