Broadcom Shares Tumble as Pacific Crest Downgrades, Raises Concerns Related to Co. Involvement with Apple
July 23, 2013 at 11:57 AM EDT
Shares of Broadcom (NASDAQ: BRCM ) are one of the Semi stocks leading the sector lower Tuesday morning following several news items. The stock last traded at $31.96, down nearly 4 percent from Monday's close. An analyst at Pacific Crest, Michael McConnell, downgraded the stock from Outperform to Sector Perform
