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QCOM

Qualcomm

$54.92

0.02 (0.04%)

, AAPL

Apple

$177.10

-8.7 (-4.68%)

09:23
11/21/18
11/21
09:23
11/21/18
09:23

Qualcomm gets Apple's patent claims dismissed, Bloomberg reports

Qualcomm (QCOM) won bid to get 56 patents claims by Apple (AAPL) and its Asian manufacturers dismissed from a billion-dollar lawsuit over the use of its technology in mobile phones, according to Bloomberg Law. The ruling may help pave the way for a settlement between the companies, the report adds. Reference Link

QCOM

Qualcomm

$54.92

0.02 (0.04%)

AAPL

Apple

$177.10

-8.7 (-4.68%)

  • 04

    Dec

QCOM Qualcomm
$54.92

0.02 (0.04%)

11/16/18
11/16/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst James Faucette saying he thinks consensus estimates now imply a more realistic scenario for QCT margins and that lowered expectations on a resolution with Apple (AAPL) gives room for the stock to react positively should legal proceedings trigger a settlement. 2. Spark Therapeutics (ONCE) upgraded to Neutral from Underperform at Credit Suisse with analyst Martin Auster saying with uniQure's (QURE) update validating AMT-061, its second generation hemophilia B gene therapy construct incorporating the Padua variant, and Freeline's initial data disclosed in ASH abstracts, he sees a more competitive landscape in hemophilia B gene therapy, and lowered his market share assumptions for SPK-9001 to reflect this new dynamic. 3. Armstrong Flooring (AFI) upgraded to Buy from Hold at Gabelli with analsyt Alvaro Lacayo saying the sale of the wood business is a transformative deal and removes two underperforming segments that have been under increased pressure from private label competition. 4. DSW (DSW) upgraded to Neutral from Negative at Susquehanna. 5. PG&E (PCG) and Edison International (EIX) were upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/18
11/15/18
UPGRADE
Target $55

Equal Weight
Qualcomm upgraded to Equal Weight after expectations reset at Morgan Stanley
As previously reported, Morgan Stanley analyst James Faucette upgraded Qualcomm (QCOM) to Equal Weight from Underweight as he thinks consensus estimates now imply a more realistic scenario for QCT margins and that lowered expectations on a resolution with Apple (AAPL) gives room for the stock to react positively should legal proceedings trigger a settlement. He believes the stock's underperformance suggests the market has "appropriately" lowered expectations, Faucette added. He maintains a $55 price target on Qualcomm shares.
11/15/18
MSCO
11/15/18
UPGRADE
MSCO
Equal Weight
Qualcomm upgraded to Equal Weight from Underweight at Morgan Stanley
11/08/18
STFL
11/08/18
NO CHANGE
Target $58
STFL
Hold
Qualcomm price target lowered to $58 from $62 at Stifel
Stifel analyst Kevin Cassidy lowered his price target on Qualcomm (QCOM) to $58 from $62 following the company's quarterly report, noting that MSM shipments are expected to decline about 20% in fiscal Q1, 50% of which is due to Apple (AAPL) now using Intel (INTC) modems. He is impressed with the 5G traction highlighted by management and believes Qualcomm's lead in 5G may encourage Apple to settle, but various litigation issues keep Cassidy on the sidelines with a Hold rating on Qualcomm shares.
AAPL Apple
$177.10

-8.7 (-4.68%)

11/20/18
GSCO
11/20/18
NO CHANGE
Target $182
GSCO
Neutral
Apple price target lowered to $182 from $209 at Goldman Sachs
Following The Wall Street Journal's report yesterday about Apple seeing lower demand than the company had initially expected for its new iPhones, Goldman Sachs analyst Rod Hall noted that it appears that in addition to weakness in China and other emerging markets it also looks like the price and features of the iPhone XR may not have been well-received by non-U.S. users. While he believes the company likely included this more negative scenario in its guidance, Hall sees "material risk" to Apple's March quarter guidance if current demand trends continue, he tells investors. He lowered his price target on the shares to $182 from $209 to reflect a multiple more toward the middle of the stock's three year range and keeps a Neutral rating on Apple.
11/16/18
MSCO
11/16/18
DOWNGRADE
MSCO
Equal Weight
TSMC downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Charlie Chan downgraded TSMC (TSM) to Equal Weight from Overweight, stating that he is concerned that recent Apple (AAPL) iPhone supply chain order cuts "could be just the first wave" and weak orders from Apple "could be a new normal for TSMC" if next year's iPhone doesn't have attractive features. Chan, who doesn't think secular growth drivers are strong enough to differentiate the stock in a logic semi downcycle, lowered his price target on TSMC shares to NT$239 from NT$253.
11/15/18
MSCO
11/15/18
NO CHANGE
Target $253
MSCO
Overweight
Apple dip a buying opportunity amid supply chain 'noise,' says Morgan Stanley
Morgan Stanley analyst Katy Huberty called the 8.5% decline in Apple (AAPL) shares following Lumentum's (LITE) and Qorvo's (QRVO) negative pre-announcements this week a buying opportunity, noting that she is still bullish on the iPhone maker's Services growth. Services will "take the growth baton" from Devices as the smartphone market matures, contends Huberty. While she believes investors should focus on Services rather than iPhone units, Huberty also believes Apple's December quarter guidance incorporates the revisions made by Lumentum and Qorvo, adding that unit revisions are typically more severe for the supply chain than Apple given inventory fluctuations and the company's steps to ensure adequate supply early in a product launch. Huberty keeps an Overweight rating and $253 price target on Apple shares.

TODAY'S FREE FLY STORIES

TVTY

Tivity Health

$40.60

-0.27 (-0.66%)

, NTRI

Nutrisystem

$34.19

-1.07 (-3.03%)

06:12
12/10/18
12/10
06:12
12/10/18
06:12
Conference/Events
Tivity Health to host conference call »

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TVTY

Tivity Health

$40.60

-0.27 (-0.66%)

NTRI

Nutrisystem

$34.19

-1.07 (-3.03%)

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TBAKF

Ted Baker

$0.00

(0.00%)

06:11
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06:11
Periodicals
Ted Baker's Ray Kelvin accused by 'hundreds' of harassment, NY Post says »

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GS

Goldman Sachs

$179.71

-4.44 (-2.41%)

, LYFT

Lyft

$0.00

(0.00%)

06:10
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12/10
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06:10
Periodicals
Slack hires Goldman to lead IPO, Reuters reports »

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GS

Goldman Sachs

$179.71

-4.44 (-2.41%)

LYFT

Lyft

$0.00

(0.00%)

UBER

Uber

$0.00

(0.00%)

MSFT

Microsoft

$104.90

-4.27 (-3.91%)

GOOG

Alphabet

$1,036.52

-33.18 (-3.10%)

GOOGL

Alphabet Class A

$1,046.99

-31.41 (-2.91%)

CSCO

Cisco

$46.42

-1.96 (-4.05%)

03/08/13
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  • 11

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    Dec

  • 10

    Jan

  • 03

    Mar

TVTY

Tivity Health

$40.60

-0.27 (-0.66%)

, NTRI

Nutrisystem

$34.19

-1.07 (-3.03%)

06:09
12/10/18
12/10
06:09
12/10/18
06:09
Hot Stocks
Tivity Health to acquire Nutrisystem in cash, stock deal valued at $47 per share »

Tivity Health (TVTY) and…

TVTY

Tivity Health

$40.60

-0.27 (-0.66%)

NTRI

Nutrisystem

$34.19

-1.07 (-3.03%)

03/08/13
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BXP

Boston Properties

$129.14

-3.425 (-2.58%)

06:09
12/10/18
12/10
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06:09
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Boston Properties rating change  »

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MRO

Marathon Oil

$16.05

-0.17 (-1.05%)

06:09
12/10/18
12/10
06:09
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06:09
Downgrade
Marathon Oil rating change  »

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  • 18

    Dec

NBL

Noble Energy

$23.78

-0.05 (-0.21%)

06:09
12/10/18
12/10
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06:09
Downgrade
Noble Energy rating change  »

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PE

Parsley Energy

$18.74

-0.35 (-1.83%)

06:09
12/10/18
12/10
06:09
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06:09
Downgrade
Parsley Energy rating change  »

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BRY

Berry Petroleum

06:08
12/10/18
12/10
06:08
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06:08
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Berry Petroleum rating change  »

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CLR

Continental Resources

$47.29

1.19 (2.58%)

06:08
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12/10
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06:08
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Continental Resources rating change  »

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DVN

Devon Energy

$27.20

-0.54 (-1.95%)

06:08
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12/10
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06:08
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Devon Energy rating change  »

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NHI

National Health Investors

$80.44

0.31 (0.39%)

06:08
12/10/18
12/10
06:08
12/10/18
06:08
Hot Stocks
National Health Investors announces $25.35M development project in Wisconsin »

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BIG

Big Lots

06:07
12/10/18
12/10
06:07
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06:07
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Big Lots analyst commentary  »

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SUBC

Subsea 7 SA

$0.00

(0.00%)

06:07
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12/10
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Subsea 7 SA rating change  »

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FTI

TechnipFMC

06:07
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  • 13

    Dec

WAGE

WageWorks

06:06
12/10/18
12/10
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  • 11

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COF

Capital One

$82.66

-1.93 (-2.28%)

06:06
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Capital One rating change  »

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  • 11

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RDWR

Radware

$22.34

-0.35 (-1.54%)

06:06
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Hot Stocks
Radware announces major deal with global cloud provider »

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SWKS

Skyworks

$67.56

-3.04 (-4.31%)

06:06
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Skyworks rating change  »

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QRVO

Qorvo

$61.16

-1.58 (-2.52%)

06:05
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12/10
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Qorvo rating change  »

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  • 11

    Dec

IMOS

ChipMOS

$17.20

-0.69 (-3.86%)

06:05
12/10/18
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Earnings
Breaking Earnings news story on ChipMOS »

ChipMOS reports November…

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GV

Goldfield Corp

$2.32

-0.035 (-1.49%)

06:05
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12/10
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Hot Stocks
Goldfield Corp announces resumption of stock repurchase program »

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SCWX

Secureworks

$15.65

-1.52 (-8.85%)

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Secureworks rating change  »

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NSANY

Nissan

$0.00

(0.00%)

06:05
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Periodicals
Ghosn, Nissan formally indicted in Japan, Bloomberg reports »

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  • 07

    Jan

SNN

Smith & Nephew

$37.97

0.76 (2.04%)

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