FBR Capital Markets reiterates its Outperform rating and $42 target price on Broadcom BRCM as the acquisition of NetLogic drives estimates up.
FBR Capital Markets notes, "For NetLogic, we estimate the acquisition adds $0.10 to EPS in 2012 and $0.15 in 2013, though we used conservative estimates regarding revenues, gross margins, and operating expense spending and could see additional EPS upside."
BRCM closed at $37.15 a share on Wednesday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in