UPDATE: Goldman Sachs Downgrades Broadcom Following Recent Setbacks
August 12, 2013 at 11:08 AM EDT
In a report published Monday, Goldman Sachs analyst James Schneider downgraded Broadcom (NASDAQ: BRCM ) from Conviction List Buy to Neutral, and lowered the price target from $36.00 to $30.00. In the report, Goldman Sachs noted, “We downgrade Broadcom to Neutral from Buy. Our Buy thesis had been predicated on Broadcom driving
