Broadcom mentioned positively at RBC Capital RBC Capital said STMicroelectronics' (STM) earnings release disclosed potential for increased expenses related to the ST-Ericsson JV. The firm believes the odds of wind-down have increased and views the loss of a competitor as a positive for Broadcom (BRCM).
News For BRCM;STM From The Last 14 Days
Check below for free stories on BRCM;STM the last two weeks.
Broadcom has meaningful upsise, says Morgan Stanley Morgan Stanley said Broadcom management is in the early stages of transforming the company to one of stable growth and high profitability from one focused on growth, which should catch the focus of investors. The firm expects shares to trade higher and reiterates its Overweight rating and raises its price target to $44.