Morgan Stanley Remains a Hold on Broadcom (AVGO)

Morgan Stanley analyst Craig Hettenbach maintained a Hold rating on Broadcom (AVGOResearch Report) today and set a price target of $298.00. The company’s shares closed last Monday at $313.41, close to its 52-week high of $323.20.

According to TipRanks.com, Hettenbach is a 5-star analyst with an average return of 18.3% and a 65.9% success rate. Hettenbach covers the Consumer Goods sector, focusing on stocks such as Maxim Integrated, TE Connectivity, and Microchip.

Broadcom has an analyst consensus of Moderate Buy, with a price target consensus of $326.25, a 5.3% upside from current levels. In a report issued on November 5, BMO Capital also initiated coverage with a Hold rating on the stock with a $310.00 price target.

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The company has a one-year high of $323.20 and a one-year low of $217.61. Currently, Broadcom has an average volume of 2.13M.

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