1 posts and columns on Betsy Van Hees

Broadcom: Caris Cuts Target to $19 on Weak Q4 Demand

in News on September 30, 2008 at 7:03 am PT

After falling $11 to $17.19 yesterday, shares of chipmaker Broadcom (BRCM) are staging a mild recovery this morning, up 56 cents, or 3.26 percent, at $17.75, despite a price target cut by Caris & Co.’s Betsy Van Hees. Hees cut her target to $19 from $28 (barn door, anyone?) over concerns the company will offer a disappointing outlook for its fourth quarter when it reports 3Q results on Oct. 21.