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Actionable news in AVGO: Avago Technologies Limited,

RBC Capital: Top 7 Stock Picks For 2017

RBC Capital has today released updated second-quarter guidance for its Top 30 Global Ideas for 2017. From this list of 30 stocks, we selected only the ‘top picks’. Year-to-date, RBC Capital says its top 30 list has returned 15.2%, which makes this a very interesting list indeed…

1. Broadcom Ltd (AVGO) One of the best-rated stocks on TipRanks, semiconductor leader AVGO has only buy ratings. So it’s not surprising the stock is a top pick for RBC’s Amit Daryanani– one of TipRanks top 25 analysts. Daryanani has a $270 price target on AVGO which is now trading at $230.

Through M&A and organic revenue growth AVGO has beat Street quarterly EPS estimates every quarter since its IPO. Management is disciplined in M&A, focusing on slower-growing companies that compete in oligopolistic industries with cost-cutting potential” he says.

(Click on image to enlarge)

2. Air Lease Corp (AL) This “Strong Buy” stock has the seal off approval from one of the Street’s top analysts, Jason Arnold. His $77 price target represents huge upside potential of over 100% from the company’s current share price of $38. According to Arnold: “Air Lease is well positioned as a leader in the...


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