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Fly News Breaks for January 18, 2017
QCOM
Jan 18, 2017 | 08:31 EDT
Morgan Stanley analyst James Faucette said the FTC antitrust lawsuit against Qualcomm came as a surprise despite the fact that the market knew since 2014 of an FTC investigation. However, he contends that it would not make sense, either politically or financially, for the U.S. to pursue the case and that changes within the FTC also make it unclear if the body will be able to effectively pursue a case. While he sees the reaction to the FTC news as overdone, he keeps an Equal Weight rating and $65 price target on Qualcomm shares.
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