Erste Group analyst Hans Engel upgraded Broadcom (AVGO) to Buy from Hold. The company has an attractive product portfolio for network applications and its operating margin and return on equity are significantly higher than competitors, the analyst tells investors in a research note. The firm believes Broadcom shares should continue their upward trend.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVGO:
- Broadcom (AVGO) Surges to Record High — TipRanks AI ‘Spark’ Rates It Outperform Before Earnings
- Broadcom Stock (AVGO) Is About to Report Q2 Earnings Tomorrow. Here Is What to Expect
- Broadcom Stock (AVGO) Soars to Record High on ‘Breakthrough’ Tomahawk Chip
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories
- Ahead of Q1 Earnings, Let’s Look at Who Owns Broadcom Stock (AVGO)