Broadcom shares are trading higher after Morgan Stanley reinstated coverage with an Overweight rating and announced a $1,658 price target.
Portfolio Pulse from Benzinga Newsdesk
Broadcom shares are trading higher after Morgan Stanley reinstated coverage with an Overweight rating and announced a $1,658 price target.
June 10, 2024 | 1:45 pm
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Broadcom shares are trading higher following Morgan Stanley's reinstatement of coverage with an Overweight rating and a $1,658 price target.
Morgan Stanley's positive rating and high price target are likely to boost investor confidence, leading to a short-term increase in Broadcom's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100