Broadcom price target raised to $210 from $200 at JPMorgan

JPMorgan raised the firm’s price target on Broadcom to $210 from $200 and keeps an Overweight rating on the shares. The company reported better July quarter results on continued quarter-over-quarter growth in its artificial intelligence semiconductor segment and a cyclical recovery in storage, the analyst tells investors in a research note. The firm says Broadcom remains its top pick in semiconductors.