Broadcom Corp (BRCM) Tops Q2 EPS by 4c, Offers Q3 Guidance
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Broadcom (BRCM) PT Lifted to $45 at BofA/Merrill Lynch
July 23, 2014 8:59 AM EDTBofA/Merrill Lynch analyst Vivek Arya lifted his price target on Buy-rated Broadcom (NASDAQ: BRCM) to $45.00 (from $42.00) following Q2 results.
The Buy is maintained, citing: 1) mobile baseband wind-down (no buyer found) could drive substantial earnings growth; 2) cost savings redirected to doubling... More
Broadcom (BRCM) Estimates, PT Raised to $51 at Jefferies
July 23, 2014 7:27 AM EDTJefferies analyst Mark Lipacis raised estimates and his price target on Buy-rated Broadcom (NASDAQ: BRCM) to $51.00 (from $44.00) following Q2 results.
Lipacis said, "The wind-down of the money losing cellular business has implications for its operating model that we think... More
Broadcom (BRCM) PT Raised to $47 at RBC Capital
July 23, 2014 6:32 AM EDTRBC Capital analyst Doug Freedman reiterated an Outperform rating on Broadcom (NASDAQ: BRCM) and boosted his price target of to $47.00 (from $40.00) following Q2 results.
Freedman comments, "A strong report, with OpEx savings greater than expected and baseband wind-down on a quick timeline. Revenue... More
