UPDATE: UBS Investment Research Downgrades Broadcom on Wireless Risks
August 02, 2013 at 10:32 AM EDT
In a report published Friday, UBS Investment Research analyst Stephen Chin downgraded Broadcom (NASDAQ: BRCM ) from Buy to Neutral, and lowered the price target from $35.00 to $30.00. In the report, UBS Investment Research noted, “We are downgrading Broadcom to a Neutral rating from Buy owing to: 1) slowing smartphone market
