Broadcom chip could land deal with Apple, says RBC Capital

theflyonthewall.com

After Broadcom (BRCM) announced a new 4G LTE advanced modem targeted at the mobile market, RBC Capital believes this new product could land the company its first deal with Apple (AAPL). The firm thinks that Apple is sampling the product, and it maintains a $45 price target and Outperform rating on Broadcom.

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