Reported about 19 hours ago
Analyst Tom O’Malley of Barclays has reduced Broadcom Inc.'s price target from $260 to $215, maintaining an 'Overweight' rating. This adjustment is a response to concerns over tariffs, the trade war, and risks related to the Chinese market, as the company navigates the semiconductor sector. Despite its potential in the AI revolution, the article suggests that other AI stocks may offer better investment opportunities.
Source: YAHOO