UBS Maintains Buy on Broadcom, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri maintains a Buy rating on Broadcom (NASDAQ:AVGO) but lowers the price target from $173.5 to $170.

September 09, 2024 | 2:21 pm
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NEUTRAL IMPACT
UBS analyst Timothy Arcuri maintains a Buy rating on Broadcom but lowers the price target from $173.5 to $170, indicating a slight adjustment in expectations.
The maintenance of a Buy rating suggests continued confidence in Broadcom's performance, but the lowered price target indicates a slight adjustment in expectations. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100