Morgan Stanley Reinstates Overweight on Broadcom, Announces $1658 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has reinstated an Overweight rating on Broadcom (NASDAQ:AVGO) with a price target of $1658, as announced by analyst Joseph Moore.
June 10, 2024 | 9:13 am
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Morgan Stanley has reinstated an Overweight rating on Broadcom (NASDAQ:AVGO) with a price target of $1658, indicating a positive outlook for the stock.
The reinstatement of an Overweight rating and a high price target of $1658 by a reputable firm like Morgan Stanley is likely to boost investor confidence and positively impact Broadcom's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100