January 23, 2017

Qualcomm Inc. (QCOM) Downgraded by CLSA and Nomura

Qualcomm Inc. (NASDAQ:QCOM) was downgraded by stock analysts at CLSA from a “buy” rating to an “underperform” rating in a report issued on Monday.

Other equities research analysts have also recently issued research reports about the stock. Nomura cut shares of Qualcomm from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $70.00 in a research note on Monday. Instinet cut shares of Qualcomm from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Monday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $70.00 target price (up previously from $63.00) on shares of Qualcomm in a research note on Monday, October 3rd. Cowen and Company reaffirmed an “outperform” rating and set a $74.00 target price on shares of Qualcomm in a research note on Monday, November 7th. Finally, Susquehanna began coverage on shares of Qualcomm in a research note on Tuesday, December 20th. They set a “positive” rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $67.68.




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