TD Cowen Maintains Buy on Broadcom, Adjusts Price Target To $210 (10-1 Stock Split)
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Matthew Ramsay maintains a Buy rating on Broadcom (NASDAQ:AVGO) and adjusts the price target to $210 from $1750, reflecting a 10-1 stock split.
July 16, 2024 | 5:15 pm
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TD Cowen maintains a Buy rating on Broadcom and adjusts the price target to $210 from $1750, reflecting a 10-1 stock split.
The maintenance of a Buy rating and the adjustment of the price target to reflect a 10-1 stock split are positive signals for investors. The stock split makes shares more affordable, potentially increasing demand and liquidity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100