Broadcom shares are trading higher after TD Cowen upgraded the stock from Market Perform to Outperform and raised its price target from $1,400 to $1,500.
Portfolio Pulse from Benzinga Newsdesk
Broadcom's stock (AVGO) experienced a rise following an upgrade by TD Cowen from Market Perform to Outperform, with a new price target set at $1,500, up from $1,400.
March 21, 2024 | 10:56 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Broadcom's stock received a positive outlook from TD Cowen, upgrading it to Outperform and raising the price target to $1,500.
The upgrade by TD Cowen to Outperform and the increase in price target to $1,500 are strong indicators of confidence in Broadcom's future performance. This analyst action typically leads to increased investor interest and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100