"market outperform" raised from $39 to $41.
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"market outperform" rating on Broadcom (BRCM). The target price has been
raised from $39 to $41.
Chipmaker Broadcom Corp. (BRCM) reported better-than-expected results for the first quarter on April 27, 2010. Net income came in at $210 million or 40 cents per share, easily beating the Zacks Consensus Estimate of 30 cents. 
Estimates for the stock have been on the upswing following the release of better-than-expected results. However, the stock has been range-bound around $32−$34 in the last 30 days.
