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Fly News Breaks for January 15, 2020
QCOM
Jan 15, 2020 | 08:18 EDT
Canaccord analyst T. Michael Walkley raised his price target on Qualcomm to $115 from $101 as he believes the courts could overturn the current stay in addition to being well positioned to benefit from the transition to 5G. He is maintaining his estimates but raised his rice target on expectations of an increased multiple. Walkley reiterated his Buy rating on Qualcomm shares.