2020 has been good so far for the semiconductor sector. The SOX (PHLX Semiconductor Index) – the industry’s overall barometer – is up by 18%, way in front of the S&P 500’s 5% uptick. One chipmaker that has gotten attention lately is Broadcom (AVGO). A strong showing in the company’s latest quarterly statement has just received widespread approval from Street analysts.Count Rosenblatt analyst Hans Mosesmann among those impressed. Following the earnings report, the 5-star analyst reiterated a Buy rating and raised his price target from $370 to $430. The implication for investors? Upside of 19% from current levels. (To watch …read more
Source:: Yahoo Finance
