UPDATE: Deutsche Bank Lowers PT on Broadcom Following Renesas Assets Acquisition Announcement

In a report published Thursday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on Broadcom Corporation (NASDAQ: BRCM ), but lowered the price target from $36.00 to $35.00. In the report, Deutsche Bank noted, “LTE assets acquired. BRCM announced it would be acquiring LTE-related assets from Renesas with the