BMO Capital Downgrades Broadcom (BRCM) to Market Perform
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July 24, 2013 10:37 AM EDT
Canaccord Genuity analyst Bobby Burleson is out defending Broadcom (NASDAQ: BRCM), which is down 14% following lackluster results after the close and 7 sell-side downgrades. He reiterated his Buy rating and $40 price target.
"We continue to believe investors should buy shares of Broadcom based... More
July 24, 2013 7:41 AM EDT
B. Riley downgraded Broadcom (NASDAQ: BRCM) from Buy to Neutral with a price target of $32.00 (from $45.00).
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 $31.83 yesterday, with a 52 week range of $29.95-$37.85.... More
July 24, 2013 6:40 AM EDT
Citi 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 $31.83 yesterday, with a 52 week range of $29.95-$37.85.... More
July 24, 2013 6:39 AM EDT
Credit Suisse downgraded Broadcom (NASDAQ: BRCM) from Outperform 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 $31.83 yesterday, with a 52 week range of $29.95-$37.85.... More
July 24, 2013 6:39 AM EDT
(Updated - July 24, 2013 1:08 PM EDT)
RBC Capital downgraded Broadcom (NASDAQ: BRCM) from Outperform to Sector Perform with a price target of $31.00 (from $45.00). Analyst Doug Freedman said there is "not enough duct tape to hold our thesis together."
"We... More
July 24, 2013 6:37 AM EDT
William Blair downgraded Broadcom (NASDAQ: BRCM) from Outperform to Market Perform.
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 $31.83 yesterday, with a 52 week range of $29.95-$37.85.... More
July 24, 2013 6:35 AM EDT
Mizuho Securities downgraded Broadcom (NASDAQ: BRCM) from Outperform to Neutral with a price target of $35.00 (from $40.00).
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 $31.83 yesterday, with a 52 week range of $29.95-$37.85.... More
July 23, 2013 4:13 PM EDT
Broadcom Corp (NASDAQ: BRCM) reported Q2 EPS of $0.70, $0.02 better than the analyst estimate of $0.68. Revenue for the quarter came in at $2.09 billion versus the consensus estimate of $2.1 billion.
"Broadcom delivered solid revenue and gross margins in Q2 with tightly managed sequential growth in operating... More
