Analyst Alerts: Broadcom, OpenTable, Wynn Resorts, CBS, True Religion Apparel May 2nd

Broadcom Corp. (NASDAQ:BRCM): Deutsche Bank believes Broadcom is positioned for a strong second half of the year following the company’s better than expected Q1 results and solid guidance. The firm maintains a Buy rating on the stock.

OpenTable, Inc. (NASDAQ:OPEN): Citigroup lowered its estimates and price target for OpenTable after the company provided Q2 and 2012 below expectations. However, the firm reiterates a Buy rating on the stock.

Wynn Resorts Ltd. (NASDAQ:WYNN): Citigroup views the approval of Wynn Macau’s Cotai land application as the last near-term positive catalyst for shares of Wynn Resorts. The firm raised its price target for shares to $150 from $140, but believes Wynn Macau could stop paying its special dividend due to the significant capital requirement in the next few years. Citi keeps a Neutral rating on shares of Wynn Resorts.

CBS Corporation (NYSE:CBS): Benchmark Co. raised its price target for CBS following the company’s better than expected Q1 results and keeps a Buy rating on the stock.

True Religion Apparel Inc. (NASDAQ:TRLG): Benchmark Co. raised its estimates and price target for True Religion following the company’s Q1 results, buyback announcement, and dividend initiation. The firm maintains a Buy rating on the stock.

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