Broadcom Pops on Susquehanna Upgrade and 2 Other Hot Stocks to Watch
Broadcom Corp. (NASDAQ:BRCM): Current price $27.511
Broadcom shares are up about 2.75 percent Tuesday after the stock being upgraded from Neutral to Positive at Susquehanna. The firm upgraded Broadcom on reset expectations and upcoming catalysts, among which include potential improvement in networking, the iPhone 6 product-cycle, and positive developments from the recent Renesas purchase. Concurrently, the price target was raised from $33 to $35.