Analysts: Broadcom Can Gain Market Share and 3 More Research Notes to Check Out
Broadcom Corp. (NASDAQ:BRCM): Following the company’s weaker-than-expected third quarter revenue guidance, Argus still believes that the company can gain considerable market share, particularly in the low- to mid-tier Android ecosystem. The firm keeps a Buy rating on the stock.
OpenTable (NASDAQ:OPEN): Macquarie has downgraded OpenTable to Neutral from Outperform due to valuation, increased competition, and lack of visibility in North American seated diner growth, though it keeps its price target on the firm at $59.
Hertz Global Holdings (NYSE:HTZ): Wells Fargo increased its target on Hertz to $30 to $33 from $28 to $30 following the company’s report of in-line results. The firm believes that the results were impressive, and it thinks the current rebound in North American construction indicates that the company could beat expectations going forward. It keeps an Outperform rating on the shares.
T. Rowe Price (NASDAQ:TROW): After T. Rowe Price reported weaker-than-expected results, Argus expects that the company will continue to post industry-leading growth in revenue and assets under management. The firm thinks the company can grow its dividend significantly and keeps a Buy rating on the stock.