Broadcom upcoming changes not priced into shares, says Jefferies After meeting with management, Jefferies thinks Broadcom's new business model will result in higher gross margins and higher capital return. The firm believes Broadcom's changes after the wind-down of its money losing cellular business are not yet discounted in the stock. Jefferies keeps a Buy rating on Broadcom with a $51 price target.
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.