As previously reported, Susquehanna analyst Christopher Rolland downgraded Qualcomm (QCOM) to Neutral from Positive with a price target of $140, down from $210. The firm prefers to move to the sidelines and wait out the “memory-related handset storm,” modem share losses in Apple (AAPL) phones and a longer spending and design cycle for new markets, the analyst tells investors.
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Read More on QCOM:
- Qualcomm downgraded to Neutral from Positive at Susquehanna
- Qualcomm price target lowered to $190 from $225 at Rosenblatt
- Qualcomm price target lowered to $185 from $195 at JPMorgan
- Balanced Risk/Reward Keeps Qualcomm at Hold Amid Handset Headwinds and Emerging Non-Handset Growth
- BofA downgrades Qualcomm to Neutral on ‘weak’ handset market