UPDATE: Jefferies Reiterates on Broadcom Corporation Following Solid 3Q EPS Beat, Weaker 4Q Outlook
October 23, 2013 at 12:09 PM EDT
In a report published Wednesday, Jefferies analyst Mark Lipacis reiterated a Buy rating on Broadcom Corporation (NASDAQ: BRCM ), but lowered the price target from $34.00 to $32.00. In the report, Jefferies noted, “3Q EPS beat consensus by $0.07 due to better gross margins, higher revs and lower shares, but
