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Actionable news in AVGO: Avago Technologies Limited,

We Are Buyers of Broadcom Ltd (AVGO) Ahead of FQ3 Results: Pacific Crest

Pacific Crest analyst John Vinh previews Broadcom Ltd (NASDAQ:AVGO) ahead of its financial third quarter results, expected September 1st after market close. For Vinh, the risk/reward for the semiconductor giant resonates positively. As such, the analyst reiterates an Overweight rating on AVGO with a price target of $180, which represents just under a 2% increase from where the shares last closed.

The consensus EPS forecast for the quarter is of $2.29, with Vinh expecting revenue and EPS results to fall accordingly with the Street or even better with a modest beat. The analyst cites consolidation of Broadcom’s Classic channel and...