Citigroup Reinstates Buy on Broadcom, Announces $1100 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Danely has reinstated a Buy rating on Broadcom (NASDAQ:AVGO) and set a price target of $1100 for the stock.

December 11, 2023 | 1:30 pm
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Citigroup analyst Christopher Danely reinstated Broadcom with a Buy rating and set a price target of $1100, indicating a positive outlook for the stock.
Analyst ratings, especially from major financial institutions like Citigroup, can significantly influence investor sentiment and stock prices. The reinstatement of a Buy rating combined with a high price target suggests a strong bullish outlook for Broadcom, which could lead to a short-term increase in the stock price as the market reacts to Citigroup's analysis.
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IMPORTANCE 90
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