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Lazard Capital is out with its report today on Broadcom
BRCM, maintaining Buy.
In its report, Lazard Capital writes, "Our PT of $48 is 17x FY2011E PF EPS, a multiple that reflects BRCM's historical average. We believe that the current multiple remains attractive considering the risk-reward in owning a high-quality name like BRCM."
At the time of posting, shares of BRCM were trading at $34.32, up 0.12% from Monday's close.
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