The Club on Friday is changing the rating and price target on one of our favorite semiconductor stocks, while updating the price targets on four other names in the portfolio to reflect recent earnings, new internal developments and broader economic forces.
We're increasing our price target on Broadcom to $1,200 a share, up from $1,000 to reflect the strong quarter it reported last week.
We are increasing our price target on Costco Wholesale to $680 a share, up from $630.
We are increasing our price target on Palo Alto Networks to $320 a share, up from $300.
The move comes after raising our price target earlier in the month to $300, from $280.
Persons:
It's, Carrier, Wells Fargo, Wells, Jim Cramer's, Jim Cramer, Jim, Brent Lewin
Organizations:
Broadcom, VMware, Costco, Costco Wholesale, Honeywell, U.S, Palo Alto Networks, Federal, CNBC, Apple, Bloomberg, Getty
Locations:
Palo, Wells, Wells Fargo, PANW