Baird downgraded Broadcom (NASDAQ: BRCM) from Outperform to Neutral with a price target of $60.00 (from $50.00).

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 $57.16 yesterday.

Downgrades

Cowen Downgrades Broadcom (BRCM) to Neutral Amid Takeover; Sees Competing Bid as UnlikelyMay 29, 2015 6:20 AM Susquehanna Downgrades Broadcom (BRCM) to Neutral Amid Takeover; Sees No Rush to Sell StockMay 29, 2015 6:13 AM Avago (AVGO)/Broadcom (BRCM) Deal Synergies Could Drive ~$220 Stock Price, Mizuho Securities SaysMay 28, 2015 5:05 PM Drexel Hamilton Downgrades Broadcom (BRCM) to HoldMay 28, 2015 1:44 PM Avago Tech (AVGO) to Acquire Broadcom (BRCM) in ~$37B DealMay 28, 2015 7:01 AM Avago Technologies to Acquire Broadcom for $37 BillionMay 28, 2015 7:00 AM