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Broadcom Corporation Message Board

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  • mihir_java mihir_java Oct 27, 2010 7:47 AM Flag

    UBS Upgrade

    I wouldn't say it was upgrade, infact seems like it was a downgrade with the price target $45!, it has to be in range of $32 - $35 in order to achieve one year price target $45.

    Also, BRCM was overbought situation already and in AH it went up in low volume so must be short covering in AH.

    Now, we will see the same pattern as of SNDK due to it's 600M senior note offering and buying company announcement.

    I will see you at $35 by Nov 15.

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