Broadcom (BRCM) PT Raised to $47 at RBC Capital
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Go back to Broadcom (BRCM) PT Raised to $47 at RBC Capital
July 23, 2014 8:59 AM EDT
BofA/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
July 23, 2014 7:27 AM EDT
Jefferies 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
July 22, 2014 4:13 PM EDT
Broadcom Corp (NASDAQ: BRCM) reported Q2 EPS of $0.65, $0.04 better than the analyst estimate of $0.61. Revenue for the quarter came in at $2.04 billion versus the consensus estimate of $2.05 billion.
Broadcom Corp sees Q3 2014 revenue of $2.1-2.5 billion, versus the consensus of $2.18... More
