Oppenheimer Downgrades Broadcom To Perform

Analysts at Oppenheimer downgraded Broadcom Corporation BRCM from Outperform to Perform. Broadcom shares have gained 37.11 percent over the past 52 weeks, while the S&P 500 index has surged 5.35 percent in the same period. Broadcom shares fell 1.49 percent to $50.81 in pre-market trading.