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09/02/14 09:22:29 AM
MARKET MOVERS

Movers: United Therapeutics Corporation, Avago Technologies Limited, Avago Technologies Limited

United Therapeutics Corporation(UTHR) : Wedbush maintains United Therapeutics Corporation (NASDAQ: UTHR) with a Outperform and raises the price target from $133.00 to $141.00, according to Bloomberg. 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



Avago Technologies Limited(AVGO) : In a report published Friday, D.A. Davidson & Co. analyst Thomas Diffely reiterated a Neutral rating on Avago Technologies Ltd. (NASDAQ: AVGO), and raised the price target from $75.00 to $84.00. In the report, D.A. Davidson & Co. noted, "F3Q (Jul) results exceed expectations. Non-GAAP revenue and EPS of $1,394 million and $1.26 per share exceeded the Street mean of $1,335 million and $1.05 per share. Performance across Wireless, Wired Infrastructure and Enterprise Storage were in line with expectations while the Industrial segment grew above expectations. Margin and earnings upside were aided by the discontinuation of a couple of loss making groups from LSI." Avago Technologies Ltd. closed on Thursday at $76.36. 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



Avago Technologies Limited(AVGO) : In a report published Friday, Brean Capital analyst Mike Burton reiterated a Hold rating on Avago Technologies Ltd. (NASDAQ: AVGO). In the report, Brean Capital noted, "Avago gave another great report -- this is a story that just keeps getting better. The strong guidance for the October quarter is due to the large Apple ramp plus increasing content at ALL OEMs which we view as a near and long term driver for the sector and AVGO in particular. A notable positive in the July quarter is that the large OPEX reduction due to the sales of LSI's Flash and Networking assets. Avago has an enviable position to benefit from the 4G ramp at China Mobile and worldwide with its proprietary FBAR filter technology, strong growth potential with its Wired Infrastructure/Networking portfolio, and a solid high-margin Analog portfolio. We are raising our estimates and fair value target range to $86-$90 from $76-$80. We continue to view AVGO as an excellent company, and would use dips in the stock as an opportunity to accumulate shares of this extremely well-managed, diversified growth story." Avago Technologies Ltd. closed on Thursday at $76.36. 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



Avago Technologies Limited(AVGO) : In a report published Friday, Morgan Stanley analyst Craig Hettenbach reiterated an Overweight rating on Avago Technologies Ltd. (NASDAQ: AVGO), and raised the price target from $82.00 to $97.00. In the report, Morgan Stanley noted, "We remain Overweight AVGO as the company's above-average growth, strong FCF, diversified revenue stream (after LSI), and consistently high profitability is not reflected in the current multiple (P/E of 13x pro-forma 2015 EPS for the combined company). We have high conviction in management's ability to execute on driving LSI's OMs from 17% to 30% over the next few years. Notably, Avago doubled its OMs from 15% to 30% post the company's LBO and is very effective at maximizing pricing for its IP, which we think will benefit the LSI business." Avago Technologies Ltd. closed on Thursday at $76.36. 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



Williams-Sonoma Inc.(WSM) : Williams-Sonoma reports fiscal-second-quarter net profit rose to $50.7 million from year-earlier $48.9 million as revenue rose 6% to $1.04 billion; forecasts per-share earnings of 58 cents to 63 cents for current quarter, below analysts' forecasts; photo (M)



 

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