NEW YORK (TheStreet) -- Avago Technologies (AVGO) stock advanced 2.25% to $132.50 after MKM Partners increased its price target to $149 from $148 and reiterated its "buy" rating for the Singapore and San Jose, CA-based designer, developer and global supplier of a range of analog semiconductor devices.
TheStreet Ratings team rates AVAGO TECHNOLOGIES LTD as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AVAGO TECHNOLOGIES LTD (AVGO) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity."