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Fly News Breaks for November 5, 2015
QCOM
Nov 5, 2015 | 08:48 EDT
Northland analyst Tom Sepenzis views Qualcomm's Q4 results as mixed and raised his revenue estimates while dropping his earnings numbers to reflect near-term challenges in the licensing business. The worst is nearly over for the chipmaker, Sepenzis tells investors in a post-earnings research note. He raised his price target for shares to $62.50 from $60 and keeps an Market Perform rating on the name.
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