Oppenheimer Upgrades Broadcom To Outperform

Analysts at Oppenheimer upgraded Broadcom

from “market perform” to “outperform.” The target price for Broadcom is set to $45. Broadcom shares have surged 11.63% over the past 52 weeks, while the S&P 500 index has gained 18.85% in the same period. Broadcom's shares gained 1.06% to $38.02 in pre-market trading.