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Fly News Breaks for January 18, 2017
NXPI, QCOM
Jan 18, 2017 | 10:52 EDT
Canaccord analyst T. Michael Walkley said the FTC claims levied against Qualcomm (QCOM) are significant and increase the long-term risks to its QTL division or licensing business. However, with the FTC commissioners likely changing as part of Trump's incoming administration, he believes the commission may not pursue the complaint. The analyst, who thinks the NXP (NXPI) merger remains on track and will create a company with significant earnings power and cash flow, keeps his Buy rating and $81 price target on Qualcomm.
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