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.