Erste Group Downgrades Broadcom (AVGO) to Hold
On July 7, 2026, Erste Group analyst Hans Engel downgraded Broadcom Inc. (NASDAQ:AVGO) from Buy to Hold due to its high valuation already reflecting much of the firm's positive outlook. The downgrade comes after a regulatory filing on July 6 revealed an expanded technology collaboration between Broadcom and Apple through 2031.
Topics: Apple Inc. Broadcom Erste Group technology collaboration