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Broadcom (BRCM) was lowered to a hold from buy, and its price target cut, by Canaccord Genuity, which said it sees limited chances for any upside surprises in the near term. Canaccord analyst Matthew Ramsay, however, said in a research note that Broadcom is well positioned for long-term growth, with solid business fundamentals. Much of its good news is already reflected in the stock price, though, so “we believe other stocks in our coverage Scalper1 News
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