UBS Raises Estimates on Avago Technologies (AVGO)

UBS Raises Estimates on Avago Technologies (AVGO)

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UBS reported on Tuesday that it has raised its estimates on semiconductor company Avago Technologies Ltd (AVGO).

The firm has increased its estimates on AVGO to include the acquisition of CyOptics financials. UBS currently has a $42 price target on AVGO, which suggests an 11% upside from the stock’s current price of $37.48.

Avago Technologies shares were down 34 cents, or 0.91%, during Tuesday morning trading. The stock is up 17% YTD.

The Bottom Line

Shares of Avago Technologies Ltd (AVGO) have a 2.24% yield based on Monday’s closing price of $37.48.

Avago Technologies Ltd (AVGO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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