Evercore ISI Upgrades Broadcom To Buy

Evercore ISI upgraded Broadcom BRCM from Hold to Buy. The price target for Broadcom has been raised from $45.00 to $55.00. Broadcom shares have gained 46.72% over the past 52 weeks, while the S&P 500 index has surged 12.08% in the same period. Broadcom's shares fell 2.78% to close at $41.64 on Friday.