Broadcom Downgraded to "Neutral" at Lazard Capital Markets (BRCM)

Broadcom Downgraded to “Neutral” at Lazard Capital Markets (BRCM)

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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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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