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Fly News Breaks for July 18, 2019
QCOM
Jul 18, 2019 | 14:09 EDT
On July 17, Daiwa analyst Louis Miscioscia initiated Qualcomm with a Neutral rating and $76 price target. While 5G is coming and "will change how the world works with mobile connections [with] positive implications for many companies, and especially Qualcomm," a judge has ruled that Qualcomm violated the FTC Act and needs to change the core of its business model, said Miscioscia. Court rulings are "very unpredictable and will likely hold back multiple expansion," contended Miscioscia in his note yesterday.