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Fly News Breaks for July 1, 2016
QCOM
Jul 1, 2016 | 08:40 EDT
As previously reported, Evercore ISI downgraded Qualcomm to Hold from Buy and reduced its price target to $55 from $60. Analyst C.J. Muse changed his rating based on expectations for worse QTL guidance, high consensus expectations, and lack of catalysts to move shares higher.