Gleacher Starts Broadcom (BRCM) at Buy, $55 Price Target

November 23, 2010 9:03 AM EST Send to a Friend
Get Alerts BRCM Hot Sheet
Price: $34.16 -1.33%

Rating Summary:
    36 Buy, 2 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 2 | New: 2
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Gleacher & Co. initiates coverage on Broadcom (NASDAQ: BRCM) with a Buy rating and $55 price target.

Shares are trading about flat this morning; the stock last traded at $44.09. The firm's new price target represents potential upside of about 25%.

For more ratings news on Broadcom click here and for the rating history of Broadcom click here.

Shares of Broadcom closed at $44.10 yesterday, with a 52 week range of $26.12-$42.55.


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