Drexel Hamilton Upgrades Broadcom (BRCM) to Buy
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Exane BNP Paribas Upgrades Broadcom (BRCM) to Neutral
June 5, 2014 6:38 AM EDTExane BNP Paribas upgraded Broadcom (NASDAQ: BRCM) from Underperform to Neutral with a price target of $35.00 (from $26.00).
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 $37.07 yesterday.
... MoreBarclays Upgrades Broadcom (BRCM) to Equalweight
June 5, 2014 6:37 AM EDTBarclays upgraded Broadcom (NASDAQ: BRCM) from Underweight to Equalweight with a price target of $40.00 (from $28.00).
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 $37.07 yesterday.
... MoreStandpoint Research Downgrades Broadcom (BRCM) to Hold
June 4, 2014 7:12 AM EDTStandpoint Research downgraded Broadcom (NASDAQ: BRCM) from Buy to Hold.
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 $35.88 yesterday.
... MoreCLSA Upgrades Broadcom (BRCM) to Buy
June 3, 2014 8:40 AM EDTCLSA upgraded Broadcom (NASDAQ: BRCM) from Outperform to Buy.
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 $34.84 yesterday.
... MoreWedbush Upgrades Broadcom (BRCM) to Outperform
June 3, 2014 7:25 AM EDTWedbush upgraded Broadcom (NASDAQ: BRCM) from Neutral to Outperform with a price target of $43.00 (from $30.00).
Analyst Betsy Van Hees said, "Upgrading Broadcom to OUTPERFORM (from NEUTRAL) and increase PT to... More
Stifel Nicolaus Downgrades Broadcom (BRCM) to Hold
June 3, 2014 6:41 AM EDTStifel Nicolaus downgraded Broadcom (NASDAQ: BRCM) from Buy to Hold.
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 $34.84 yesterday.
... MoreWells Fargo Downgrades Broadcom (BRCM) to Underperform
June 2, 2014 12:49 PM EDTWells Fargo downgraded Broadcom (NASDAQ: BRCM) from Market Perform to Underperform with a price target of $27-$29.
Analyst David Wong said, "Broadcom has announced that it is looking into selling or winding down its cellular baseband business. While we had thought that it was... More
Broadcom (BRCM) PT Raised to $40 at Topeka Capital
June 2, 2014 10:33 AM EDTTopeka Capital maintained a Buy rating on Broadcom (NASDAQ: BRCM) and raised its price target to $40.00 (from $35.00).
Analyst Suji De Silva said, "This morning BRCM announced it is exploring strategic alternatives for its cellular baseband business. We believe an intensifying handset chipset competitive... More
Broadcom (BRCM) Will Explore Alternatives for Baseband Unit; Updates Outlook
June 2, 2014 7:02 AM EDTBroadcom Corporation (Nasdaq: BRCM) announced it is exploring strategic alternatives for its cellular baseband business, including a potential sale or wind-down. The company has engaged investment bank JP Morgan in connection with its efforts.
The successful sale or wind-down of the cellular baseband business is currently expected to result in a roughly $700 million reduction in annualized GAAP research and development and selling, general and administrative expenses, of which approximately $100 million relates to estimated reductions in stock-based compensation. As such, non-GAAP research and development and selling,... More
