Mizuho analyst Vijay Rakesh lowered the firm’s price target on Qualcomm (QCOM) to $160 from $175 and keeps a Neutral rating on the shares after hosting an industry call on handsets. Global handsets are estimated down 4% year-over-ear in 2026, with more downside into the second half due to memory shortages and pricing, the analyst tells investors in a research note. The firm reduced price targets in the group.
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