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Fly News Breaks for February 21, 2018
AVGO, NXPI, QCOM
Feb 21, 2018 | 08:34 EDT
Susquehanna analyst Christopher Roland said the raised bid for NXP Semiconductor (NXPI) by Qualcomm (QCOM) is bad for Qualcomm shareholders as it lowers the chances that the company is ultimately acquired by Broadcom (AVGO). Roland maintained his Positive rating and $78 price target on Qualcomm shares in a note issued prior to Broadcom's announcement that it has lowered its takeover offer for Qualcomm to $79 per share.