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Fly News Breaks for October 28, 2016
NXPI, QCOM
Oct 28, 2016 | 07:35 EDT
As noted earlier, BM Capital upgraded Qualcomm (QCOM) to Market Perform from Underperform. Analyst Tim Long is neutral on Qualcomm's acquisition of NXP(NXPI), but he expects Qualcomm's stock to stay in a trading range in the wake of the deal. He continues to believe that Qualcomm's core fundamentals are challenged. Target to $70 from $53.
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