Jefferies Initiates Coverage of Broadcom with Buy and PT of $41

by Emily Austin, Benzinga Staff Writer
July 19, 2011 7:54 AM | 15 seconds read |
Jefferies initiated its coverage of Broadcom BRCM with a Buy rating and a price target of $41. On Monday, BRCM lost 1.86% of its value to end the day at $32.65. Its shares rebounded in today's pre-market trading, rising 2.14% to stand around $33.35.
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