Susquehanna Downgrades Broadcom (BRCM) to Neutral Amid Takeover; Sees No Rush to Sell Stock
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Needham & Company Maintains Hold Rating on Intel (INTC) Following Dinner with Management
June 2, 2015 11:18 AM EDTNeedham & Company maintains a Hold rating on Intel (NASDAQ: INTC) following dinner with management. Analyst Quinn Bolton said that INTC is cautiously optimistic on Windows 10 launch.
Bolton commented, "We just returned from dinner at Computex hosted by Intels Gregory Bryant, VP, Client Computing... More
Jefferies Maintains Buy on Intel (INTC) After Evaluating the ALTR Deal
June 2, 2015 7:23 AM EDTJefferies maintains a Buy rating and $48.00 price target on Intel (NASDAQ: INTC) after evaluating the ALTR Deal. Analyst Mark Lipacis believes that the deal highlights INTC's data center profits.
Lipacis commented, "Intel is paying a premium for ALTR, but the deal highlights... More
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
Goldman Sachs Downgrades Broadcom (BRCM) to Neutral
May 28, 2015 5:17 PM EDTGoldman Sachs downgraded Broadcom (NASDAQ: BRCM) from Buy to Neutral.
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 (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
Baird Downgrades Broadcom (BRCM) to Neutral
May 28, 2015 1:44 PM EDTBaird 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.
... MoreDrexel 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
