Avago Hits New High On Enthusiasm For LSI Acquisition

By | December 17, 2013

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Avago Technologies (AVGO) stock hit a new high Tuesday for the second day in a row, as analysts applauded its $6.6 billion of chipmaker LSI (LSI). Avago stock was up 6.5%, near 53.50, in midafternoon trading in the stock market today. Analyst Doug Freedman at RBC Capital markets raised his price target on Avago to 64 from 53. Analyst Michael Walkley at Canaccord Genuity raised his price target to 65 from 54. “We believe the acquisition will Scalper1 News

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