Morgan Stanley cut shares of QUALCOMM Incorporated
(NASDAQ:QCOM) from an overweight rating to an equal weight rating in a report
published on Tuesday.
Other analysts also recently issued research reports about
the stock. J P Morgan Chase & Co reaffirmed an overweight rating and set a
$70.00 price target (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 price target on shares of QUALCOMM in a
research note on Monday, November 7th. Susquehanna Bancshares Inc initiated
coverage on shares of QUALCOMM in a research note on Tuesday, December 20th.
They issued a positive rating and a $80.00 price objective for the company.
Vetr downgraded shares of QUALCOMM from a strong-buy rating to a buy rating and
set a $73.01 price objective for the company. in a research note on Thursday,
December 22nd. Finally, BMO Capital Markets reduced their price objective on
shares of QUALCOMM from $70.00 to $67.00 and set a market perform rating for
the company in a research note on Thursday, November 3rd. One analyst has rated
the stock with a sell rating, eighteen have given a hold rating, fifteen have
assigned a buy rating and one has assigned a strong buy rating to the company’s
stock. The stock has a consensus rating of Hold and an average target price of
$67.82.
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