Baird Downgrades Broadcom (BRCM) to Neutral
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Cowen Downgrades Broadcom (BRCM) to Neutral Amid Takeover; Sees Competing Bid as Unlikely
May 29, 2015 6:20 AM EDTCowen downgraded Broadcom (NASDAQ: BRCM) from Outperform to Neutral with a price target of $58.00 (from $52.00).
Analyst Timothy Arcuri commented, "Following BRCM's agreement to be acquired by AVGO, we are raising our target to $58 and downgrading what has been our top idea in... More
Susquehanna Downgrades Broadcom (BRCM) to Neutral Amid Takeover; Sees No Rush to Sell Stock
May 29, 2015 6:13 AM EDTSusquehanna downgraded Broadcom (NASDAQ: BRCM) from Positive to Neutral with a price target of $58.00 (from $54.00) after the company agreed to be acquired by Avago in a cash and stock valued at approximately $37 billion.
Analyst Chris Caso commented, "Since about half the transaction... More
Avago (AVGO)/Broadcom (BRCM) Deal Synergies Could Drive ~$220 Stock Price, Mizuho Securities Says
May 28, 2015 5:05 PM EDTMizuho Securities analyst Vijay Rakesh raised estimates and his price target on Outperform-rated Avago Technologies (NASDAQ: AVGO) to $175.00 (from $150.00) following a "solid" quarter and the Broadcom (NASDAQ: BRCM) deal.
Rakesh said the Broadcom deal points to a... More
Drexel Hamilton Downgrades Broadcom (BRCM) to Hold
May 28, 2015 1:44 PM EDTDrexel Hamilton downgraded Broadcom (NASDAQ: BRCM) from Buy to Hold with a price target of $55.00.
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.
... MoreAvago Tech (AVGO) to Acquire Broadcom (BRCM) in ~$37B Deal
May 28, 2015 7:01 AM EDTAvago Tech (Nasdaq: AVGO) and Broadcom Corporation (Nasdaq: BRCM) announced that they have entered into a definitive agreement under which Avago will acquire Broadcom in a cash and stock transaction that values the combined company at $77 billion in enterprise value. Upon completion of the acquisition, the combined company will have the most diversified communications platform in the semiconductor industry, with combined annual revenues of approximately $15 billion.
"Today's announcement marks the combination of the unparalleled engineering prowess of Broadcom with Avago's heritage of technology from HP,... More
