Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares jumped 9% Monday after Citigroup resumed its coverage of the stock with a buy rating and updated its price target to $1,100. Shares closed at $1,029.24, its highest price in a year. Citigroup said it resumed its coverage of the … Read more
Club holding Broadcom ‘s (AVGO) investment prospects look bright – with or without cloud software maker VMWare (VMW) under its corporate roof. For now, though, the companies remain apart after Broadcom’s planned $61 billion takeover of VMWare did not close Monday, as previously scheduled. The hold-up is Chinese antitrust regulators, who have yet to bless … Read more
Check out the companies making the biggest moves in premarket trading: Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Palo Alto Networks — The security software vendor soared 12.5% following an earnings beat after the Friday market close. Fiscal … Read more