Lazard Comments On Tech And Media Conference (BRCM)
Lazard Capital Markets provided color on Broadcom (NASDAQ: BCOM) on day two of their Tech and Media Conference in a report published today.
In the report, Lazard states, "In the networking area the company is working to integrate 1) EPONs and switch processors; 2) Processing cores with switches; and 3) PHYs with switch processors. These integrations should help BRCM reach new, adjacent market opportunities in wireless and processing."
Lazard has previously given Broadcom a Buy rating and $51 price target.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.