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Fly News Breaks for January 28, 2016
QCOM
Jan 28, 2016 | 06:50 EDT
JPMorgan analyst Rod Hall calls Qualcomm's Q1 results strong and says the company's QCT margins are encouraging. The Q2 outlook was weak on "poor recent smartphone sales and expected seasonal weakening in QCT," Hall tells investors in a research note. He reiterates an Overweight on the chipmaker with a $55 price target. William Blair this morning downgraded Qualcomm following the earnings report.