Scalper1 News
Cowen and Co. boosted its target price for Broadcom (BRCM) on Thursday as the fabless chipmaker exits the cellular baseband business as part of a “broad corporate transformation” expected to drive earnings power and increase margins. Equity research firm Cowen raised its target price to 50 from 43 and maintained an outperform rating. Broadcom stock was down a fraction near 40 in midday trading on the stock market today. Cowen analyst Timothy Scalper1 News
Scalper1 News