FBR Capital Markets Maintains Outperform, $42 Target on Broadcom

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.
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Posted In: Analyst ColorPrice TargetReiterationIntraday UpdateAnalyst RatingsFBR Capital Markets
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