Broadcom poised to outperform in 1H14, says Pacific Crest Pacific Crest expects the pricing trends of Broadcom's 2x2 MIMO 802.11AC and 4G baseband products to stabilize. The firm expects Mobile World Congress and the upcoming launch of Samsung's (SSNLF) flagship Galaxy S5 smartphone to act as catalysts for the stock. It keeps a Sector Perform rating on the stock.
Broadcom pullback a buying opportunity, says Canaccord Canaccord said the pullback in Broadcom due to weakness in the semiconductor space is a buying opportunity. The firm believes the company is well positioned for steady long-term growth in its Home and Infrastructure businesses. Canaccord reiterates its Buy rating on Broadcom but lowers its price target to $45 from $46.