Morgan Stanley Maintains Overweight on Broadcom, Raises Price Target to $1765
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Overweight rating on Broadcom (NASDAQ:AVGO) and raised the price target from $1658 to $1765, indicating confidence in the company's future performance.
June 13, 2024 | 11:42 am
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Morgan Stanley has reaffirmed its Overweight rating on Broadcom and increased the price target from $1658 to $1765, suggesting a positive outlook for the company's stock.
The increase in the price target from $1658 to $1765 by a reputable firm like Morgan Stanley indicates strong confidence in Broadcom's future performance. This is likely to positively influence investor sentiment and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100