Alert: Positive Investment/Fundamental Signals (12/15/23)-Artio Global Investors Inc (NASDAQ: AVGO)

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Artio Global Investors Inc (NASDAQ: AVGO) has benefited from extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and positive upside/downside volume developed.

Recent meaningful positive changes in fundamentals have benefitted Artio Global Investors Inc (NASDAQ: AVGO): the consensus estimate for October, 2025 increased significantly, and the consensus estimate for October, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, AVGO is expected to continue to be a major Value Builder.

Broadcom has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Broadcom has a neutral Appreciation Score of 45 but a very high Power Rating of 98, triggering the Positive Value Trend Rating.

Recent Price Action

Artio Global Investors Inc (NASDAQ: AVGO) stock closed at $1129.74 on 12/15/23 after a large increase of 2.1%. Moreover, exceptionally high trading volume at 350% of normal accompanied the advance. The stock has risen 22.5% during the last week and has been exceptionally strong relative to the market over the last nine months.

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