UPDATE: Nomura Raises PT on Broadcom Following Q2 Sales/Guidance
July 24, 2013 at 08:27 AM EDT
In a report published Wednesday, Nomura analyst Romit Shah reiterated a Buy rating on Broadcom (NASDAQ: BRCM ), and raised the price target from $33.00 to $36.00. In the report, Nomura noted, “Broadcom reported weaker-than-expected Q2 sales and guidance, which, while disappointing, is also likely to fuel the bear case that
