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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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