Broadcom price target raised to $685 from $650 at Susquehanna

Susquehanna analyst Christopher Rolland raised the firm’s price target on Broadcom to $685 from $650 and keeps a Positive rating on the shares. The analyst said we are expecting generally in-line results and perhaps even slightly better guidance as Broadcom benefits from greater than 52-week backlogs, scrubbed demand, and a solid customer list.