Jefferies Expects Expect Shareholder Friendliness from Broadcom (BRCM) at Upcoming Analyst Day

Jefferies analyst Mark Lipacis reiterated a Buy rating and $52 price target on Broadcom (NASDAQ: BRCM) ahead of the company's analyst day on December 9th, where they expect shareholder friendliness.

Lipaci commented, "For the first time ever in 2014, a material portion (13%-to-38%) of BRCM's executive annual equity compensation will be driven by relative Total Shareholder Return (stock+dividend vs SOX). Management said it would announce a new operating model at its Analyst Day, and the refocused comp plan tells us it will be particularly shareholder friendly. We expect higher profitability, B/S leverage, and increased and sustainable capital return."

For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.

Shares of Broadcom closed at $42.39 yesterday.

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