UPDATE: Goldman Sachs Upgrades Avago Technologies on Confidence in Further Outperformance

In a report published Friday, Goldman Sachs analyst James Schneider upgraded the rating on Avago Technologies Ltd. (NASDAQ: AVGO ) from Buy to Conviction List-Buy, and raised the price target from $48.00 to $54.00. In the report, Goldman Sachs noted, “We are adding Avago to the Americas Conviction List. Despite