Broadcom Product Transition Gains With ‘Bullish’ Q1

By | April 22, 2015

Scalper1 News

Broadcom (BRCM) stock rose and the company got at least five price target hikes after its Q1 earnings beat late Tuesday provided what analysts said was an endorsement of its product transition, as it regains momentum in core markets. Broadcom stock was up more than 4% in the stock market today, just under 46. Earlier, Broadcom stock touched a more than four-year high above 46. It’s part of IBD’s 56-company Electronics-Semiconductor Fabless group, Scalper1 News

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