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Fly News Breaks for March 20, 2018
QCOM
Mar 20, 2018 | 07:30 EDT
BofA/Merrill analyst Tal Liani added Qualcomm (QCOM) to the US 1 List to reflect potential catalysts from NXP Semiconductors (NXPI) acquisition approval and accretion, Huawei/Apple licensing renegotiations, further cost cuts, and additional management/board changes. Liani views Qualcomm's valuation as attractive and rates shares a Buy with a $75 price target.