In anticipation of upcoming first-quarter earnings, Barclays has recalibrated its outlook for Broadcom (AVGO, Financial) by lowering the price target for the company’s shares from $260 to $215. Despite this adjustment, the firm continues to maintain an Overweight rating on the stock.
The decision to revise the price target stems from a comprehensive update to Barclays’ semiconductor and semiconductor capital equipment models. This update accounts for the potential impact of tariffs and…
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