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.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here