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Fly News Breaks for March 30, 2015
BRCM
Mar 30, 2015 | 09:24 EDT
As previously reported, Nomura upgraded Broadcom (BRM) to Buy from Neutral. The firm upgraded shares based on valuation and raised its price target to $50 from $40. Nomura views Broadcom as an attractive takeover target following news Intel (INTC) is in talks to buy Altera (ALTR) and said the connectivity business could fetch $3B- $4.5B in an asset sale.
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