Broadcom Gets Price-Target Hikes After Closing Brocade Deal

Chipmaker Broadcom (AVGO) received a pair of bullish reports after closing its acquisition of Brocade Communications Systems on Friday.

XAutoplay: On | OffBMO Capital Markets on Monday resumed coverage of Broadcom with an outperform rating and a price target of 330. RBC Capital Markets reiterated its "top pick" buy rating on Broadcom and raised its price target to 315 from 300.

BMO analyst Ambrish Srivastava is upbeat about Broadcom's next planned acquisition, the proposed takeover of

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