Morgan Stanley Maintains Overweight Rating On Avago Technologies

Morgan Stanley has published a research report on Avago Technologies (NASDAQ: AVGO) after management meetings that reinforce the company's growth expectations.

In the report, Morgan Stanley writes "We recently spent two days on the road with Avago management. We left meetings with increased conviction that the company would see robust growth in three businesses that currently account for 95% of revenues (Wireless, Wired and Industrial). Despite outperforming the SOX in 2010 and YTD, investor meetings left us with the sense that Avago was under the radar of many semiconductor investors."

Morgan Stanley maintains its Overweight rating on Avago Technologies, which closed Friday at $30.32.