Avago Technologies (AVGO) hikes on Q3 earnings

Avago Technologies (NASDAQ: AVGO) shares advanced 8% to $82.44 after the company reported stronger-than-expected third-quarter earnings. Credit Suisse analyst John W. Pitzer reiterated an Outperform rating on Avago and raised the price target from $75.00 to $105.00. Share volume was 3.2 million, nearly twice its all-day average