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QCOM

Qualcomm

$77.78

1.17 (1.53%)

08:33
05/22/19
05/22
08:33
05/22/19
08:33

Qualcomm 'strongly disagrees' with ruling in FTC case, will seek immediate stay

Qualcomm announced that U.S. District Court Judge Lucy Koh issued a ruling in favor of the U.S. Federal Trade Commission in the FTC's litigation against the company. Qualcomm will immediately seek a stay of the district court's judgment and an expedited appeal to the U.S. Court of Appeals for the 9th Circuit. "We strongly disagree with the judge's conclusions, her interpretation of the facts and her application of the law," said Don Rosenberg, executive vice president and general counsel of Qualcomm.

  • 31

    Jul

QCOM Qualcomm
$77.78

1.17 (1.53%)

05/02/19
BOFA
05/02/19
UPGRADE
Target $105
BOFA
Buy
BofA/Merrill upgrades Qualcomm to Buy, sees Q3 as likely trough
As previously reported, BofA Merrill Lynch analyst Tal Liani upgraded Qualcomm to Buy from Neutral, stating that he reduced estimates based on the company's "weak" Q3 guidance, but he believes that the quarter will mark a trough ahead of the upcoming 5G handset cycle. The smartphone industry is between cellular cycles, but "Qualcomm's trajectory seems promising," Liani tells investors, adding that he expects QCT growth to accelerate on ramping 5G units, higher average selling prices, and greater attach rates for RF front-end solutions. Liani raised his price target on Qualcomm shares to $105 from $90.
05/02/19
05/02/19
UPGRADE
Target $115

Strong Buy
Qualcomm upgraded to Strong Buy at Raymond James
As previously reported, Raymond James upgraded Qualcomm to Strong Buy from Outperform and raised its price target to $115 from $86. Analyst Chris Caso has increased confidence in management's ability to unlock value following the Apple (AAPL) litigation settlement and the 5G smartphone cycle, and believes Apple's payments equate to $7.50 per phone, inline with his expectations.
05/02/19
05/02/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Clorox (CLX) upgraded to Hold from Sell at Deutsche Bank with analyst Steve Powers saying he views the company's fiscal Q3 results as "disappointing" but believes most of his concerns around competition are now more fairly priced into the shares. 2. Arconic (ARNC) upgraded to Buy from Neutral at Goldman Sachs with analyst Matthew Korn saying the company is benefiting from "strategic clarity." 3. Qualcomm (QCOM) was upgraded to Strong Buy from Outperform at Raymond James and to Buy from Neutral at BofA/Merrill. 4. Zynga (ZNGA) upgraded to Outperform from Neutral at Baird with analyst Colin Sebastian saying last night's better than expected Q1 results largely confirm the company's successful turnaround and acquisition strategy, improving organic growth outlook, and its reduced dependence on new game launches. 5. WWE (WWE) upgraded to Buy from Hold at Loop Capital with analyst Alan Gould saying he is taking advantage of the recent pullback in the stock price driven by the "temporary" and "unusual" amount of talent injuries. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/21/19
ADAM
05/21/19
NO CHANGE
Target $105
ADAM
Buy
Qualcomm sell off on Huawei ban 'overdone,' says Canaccord
Canaccord analyst T. Michael Walkley maintained a Buy rating and $105 price target on Qualcomm after the Commerce Department added Huawei and its affiliates to its "Entity List" prohibiting U.S.-origin technology to be supplied to Huawei without a license. In a research note to investors, Walkley says he believesHuawei represents a minor customer for Qualcomm's QCT unit, and thinks Huawei losing share in the handset market is a net positive for Qualcomm as that share loss is likely to handset OEMs that are paying full device royalties to Qualcomm. Despite the near-term uncertainty from the Huawei ban to the wireless infrastructure and handset markets, the analyst says he believes Qualcomm remains an attractive investment opportunity and thinks the sell off is overdone.

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SPWR

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Sunrun

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0.64 (3.89%)

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AAPL

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1.06 (0.55%)

18:44
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SEDG

SolarEdge

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RUN

Sunrun

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SPWR

SunPower

$8.27

0.03 (0.36%)

18:33
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BLSFY

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IFF

International Flavors

$147.54

-1.25 (-0.84%)

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VZ

Verizon

$57.63

-0.65 (-1.12%)

18:24
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Periodicals
Senator aims to bar Huawei from seeking damages in patent courts, Reuters says »

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BHVN

Biohaven Pharmaceutical

$57.33

-5.63 (-8.94%)

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DISH

Dish

$39.00

1.46 (3.89%)

18:04
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T

AT&T

$32.30

-0.06 (-0.19%)

18:03
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AT&T wins 24 GHz spectrum following FCC Auction 102 »

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  • 24

    Jul

BHVN

Biohaven Pharmaceutical

$57.33

-5.63 (-8.94%)

18:02
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Syndicate
Biohaven Pharmaceutical offers to sell $300M in common stock »

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VSM

Versum Materials

$51.42

0.01 (0.02%)

, MKGAY

Merck KGaA

$0.00

(0.00%)

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VSM

Versum Materials

$51.42

0.01 (0.02%)

MKGAY

Merck KGaA

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  • 17

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VLO

Valero

$76.93

0.19 (0.25%)

18:00
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  • 25

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VLO

Valero

$76.93

0.19 (0.25%)

17:59
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  • 25

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MGI

MoneyGram

$1.44

-0.06 (-4.00%)

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  • 27

    Jun

JKS

JinkoSolar

$22.59

-2.08 (-8.43%)

17:37
06/17/19
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  • 28

    Jun

FCEL

FuelCell

$0.33

-0.0231 (-6.56%)

17:26
06/17/19
06/17
17:26
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Earnings
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RMTI

Rockwell Medical

$4.39

0.2 (4.77%)

17:25
06/17/19
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  • 18

    Jun

VRS

Verso

$17.91

-0.24 (-1.32%)

17:21
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CHVKF

China Vanke Co

$0.00

(0.00%)

17:19
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RCKT

Rocket Pharmaceuticals

$16.88

0.68 (4.20%)

17:17
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  • 17

    Jun

BA

Boeing

$354.90

7.71 (2.22%)

, EADSY

Airbus

$0.00

(0.00%)

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BA

Boeing

$354.90

7.71 (2.22%)

EADSY

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  • 17

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BHVN

Biohaven Pharmaceutical

$57.33

-5.63 (-8.94%)

17:17
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Syndicate
Breaking Syndicate news story on Biohaven Pharmaceutical »

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