UPDATE: Benchmark Lowers Rating on Broadcom from Buy to Hold

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According to a research report published today, Benchmark has downgraded Broadcom Corporation's
BRCM
rating from Buy to Hold. In the report, Benchmark commented, “Shares have increased 28% year-to-date and have approached our previous price target of $40. To compare, the SOX (Philadelphia Semiconductor Index) has risen 18% YTD.” Broadcom closed Friday at $37.00.
Posted In: Analyst ColorDowngradesAnalyst RatingsBenchmark
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