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July 23, 2014
08:04 EDTBRCMBroadcom price target raised to $50 from $45 at Oppenheimer
Oppenheimer increased its price target on Broadcom after the company reported in-line Q2 results and provided in-line Q3 guidance. The firm thinks the company's decision to quickly wind down its baseband business expedites the removal of a financial headwind. It contends that the company has multiple positive near-term catalysts and reiterates an Outperform rating.
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