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Fly News Breaks for June 29, 2015
QCOM
Jun 29, 2015 | 08:14 EDT
As previously reported, Drexel Hamilton downgraded Qualcomm to Sell from Hold and lowered its price target to $55 from $60. The firm expects margin pressures as Qualcomm fights to retain sockets share and market presence and said pricing concessions between chipsets and license royalties could drive earnings below consensus estimates.
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