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Fly News Breaks for March 4, 2020
QCOM
Mar 4, 2020 | 06:05 EDT
Piper Sandler analyst Harsh Kumar initiated coverage of Qualcomm with a Neutral rating and $80 price target. The analyst believes the current valuation properly reflects the company's positioning in 5G mobile. Further, Kumar is "wary" of the stock's current valuation given the potential near-term coronavirus risk to 5G handsets and he's "currently uncertain" about Qualcomm's lead in radio frequency.
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