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Broadcom Seen Rising Higher On Faster Growth

Michael J. Kramer

Broadcom Corp.'s ( AVGO)  stock has risen more than 15% since reaching a low of around $200 in July. The good news is that Broadcom, a major Apple Inc. ( AAPL) iPhone supplier, is poised to rise even higher. Analysts are upping their earnings estimates not only for the balance of this year but also fiscal 2019 and 2020.