Avago valuation still compelling, says RBC Capital

theflyonthewall.com

After Avago reported stronger than expected results for its April quarter, RBC Capital thinks the company will benefit from a ramp in its Apple (AAPL) business this quarter and more so in its October quarter. The firm thinks the company can benefit from China Mobile's (CHL) TD-LTE builds, and RBC Capital keeps an Outperform rating on Avago.

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