Morgan Stanley analyst Craig Hettenbach feels like sentiment can't get much worse on Broadcom and he looks toward the company's earnings report on June 7 as an event capable of bringing investors back. He identifies five key factors that can help drive the stock toward his price target of $320: the company confirming that the worst of the wireless cuts have already taken place; investors gaining greater certainty in a bottom in wireless; demonstrating progress toward its operating margin target; evidence of an aggressive pace of buybacks; and strong free cash flow growth, which could support a dividend increase. Hettenbach maintains an Overweight rating on Broadcom shares.