Citi Revises EPS Estimates For Broadcom

According to Citi, Broadcom Corporation BRCM,EPS estimates are revised. Citi reported a decrease in FY11 EPS estimates for Broadcom from $1.89 to $1.86. Additionally, Citi is reporting an increase in EPS estimates for FY12 from $2.34 to $2.43 and FY13 from $2.49 to $2.50. Rating is set to Buy and PT is set to $45. Broadcom closed yesterday at $34.91.