Citigroup says Qualcomm's Q2 results indicate the "very bad year" for the company's chip business continues. The firm, however, expects the chip unit to recover in 2016 and points out the royalty business is hitting record levels. Citi thinks Qualcomm's final guide-down is near and keeps a Buy rating on the stock with an $88 price target.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here