Deutsche Bank Previews Broadcom Corporation 1Q Earnings

Deutsche Bank released a preview of Broadcom Corporation's BRCM first quarter earnings for 2011 just before the scheduled release on Tuesday, April 26th. The company also plans to provide insight into the second quarter following the release. Broadcom is expecting a small 5-10% decline in revenues for the first quarter, but by the second quarter should enjoy more growth due to Broadband and Mobile. The price target for BRCM is $40 and maintains a Hold rating. Broadcom Corporation is currently trading at $40.40