| NEW YORK
NEW YORK Oct 2 The stock of chipmaker Broadcom
Ltd could increase by more than 20 percent thanks to
what appears to be a growing relationship with Apple,
according to Barron's.
Broadcom's chips take up more space in Apple's new iPhone 7,
which is likely to be a sales success, the report said. The same
increased semiconductor use will likely be true for the next
model of iPhone in 2017, it added, citing a stock analyst.
Barron's also noted that other trends will be positive for the
company, including increased demand for proprietary signal
filters used in cell phones.
Barron's said Broadcom's stock could hit $210 in a year, up
from around $172 now.
(Reporting by Lawrence Delevingne)