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Barchart
Barchart
Wajeeh Khan

This Analyst Just Downgraded Broadcom Stock. Here's Why

Broadcom AVGO Erste Group

Broadcom (AVGO) shares are inching down on July 7 after Erste Group downgraded the Palo Alto-headquartered semiconductor behemoth to “Hold.”

The firm’s senior analyst Hans Engel did not issue a formal price objective for AVGO but said the current premium already reflects its substantial growth.

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