Broadcom Downgraded to “Neutral” at Lazard Capital Markets (BRCM)
Lazard Capital Markets reported on Monday that it has cut its rating on semiconductor company Broadcom Corporation (BRCM).
The firm has downgraded BRCM from “Buy” to “Neutral” due to a lack of near term catalysts.
Broadcom shares were down 24 cents, or -0.72% during Monday morning trading. The stock has been mostly flat YTD.
The Bottom Line
Shares of Broadcom Corporation (BRCM) have a 1.30% yield, based on Friday’s closing price of $33.79.
Broadcom Corporation (BRCM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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