Wedbush Starts Broadcom (BRCM) at Outperform; Flood of Tailwinds
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Price: $37.55 +2.68%
Rating Summary:
35 Buy, 1 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
35 Buy, 1 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Trade BRCM Now!
Wedbush initiates coverage on Broadcom (NASDAQ: BRCM) with an Outperform. PT $40.00.
Analyst, Betsy Van Hees, said, "We believe in addition to BRCM’s solid financial position, in the 2H:12 and into 2013, BRCM will benefit from (1) continued market share leadership in connectivity combo solutions, (2) market share gains in baseband, and (3) organic growth in its Broadband Communications and Infrastructure & Networking businesses driving revenue growth, stable GM, and profitability."
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 $34.06 yesterday, with a 52 week range of $27.59-$39.66.
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Analyst, Betsy Van Hees, said, "We believe in addition to BRCM’s solid financial position, in the 2H:12 and into 2013, BRCM will benefit from (1) continued market share leadership in connectivity combo solutions, (2) market share gains in baseband, and (3) organic growth in its Broadband Communications and Infrastructure & Networking businesses driving revenue growth, stable GM, and profitability."
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 $34.06 yesterday, with a 52 week range of $27.59-$39.66.
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