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Fly News Breaks for January 31, 2020
QCOM, SWKS, QRVO
Jan 31, 2020 | 08:01 EDT
JPMorgan analyst Samik Chatterjee is "increasingly positive" on Qualcomm (QCOM) shares heading into its fiscal Q1 earnings announcement. The recent strong results and guidance from Skyworks (SWKS) and Qorvo (QRVO) bear proof to the "robust" pipeline of 5G smartphone launches planned as well as to the content opportunity in 5G smartphones, Chatterjee tells investors in a pre-earnings research note. With Qualcomm shares trading at 17 times price-to-earnings pro forma fiscal 2019 earnings adjusted to include the Apple (AAPL) settlement, the current valuation is ascribing almost zero value to the 5G opportunity for Qualcomm outside of Apple, contends the analyst. He keeps an Overweight rating on Qualcomm with a $108 price target.
News For QCOM;SWKS;QRVO From the Last 2 Days
QCOM
May 28, 2020 | 10:05 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Overweight from Sector Weight at KeyBanc with analyst John Vinh saying Qualcomm will benefit from recent export restrictions targeted at HiSilicon. 2. Helmerich & Payne (HP) was upgraded to Overweight from Neutral at Piper Sandler and to Buy from Neutral at BofA. 3. Bill.com (BILL) upgraded to Overweight from Neutral at Piper Sandler with analyst Brent Bracelin saying the stock's risk/reward has turned favorable after the 36% selloff in the last 20 days. 4. Deere (DE) upgraded to Outperform from Market Perform at William Blair with analyst Lawrence De Maria saying the company's earnings should double over the next two to three years, driven by a recovery in regional end-markets, benefits from a lower cost structure, and replacement demand driven by an aging fleet. 5. Ally Financial (ALLY) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Betsy Graseck estimating Ally shares are pricing in cumulative Auto net chargeoffs of about 6.5%, which is 35% higher than her estimate. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
QCOM
May 28, 2020 | 09:50 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. SHARES 'RISEN TOO... To see the rest of the story go to thefly.com. See Story Here
QCOM
May 28, 2020 | 07:21 EDT
KeyBanc analyst John Vinh upgraded Qualcomm to Overweight from Sector Weight with a $105 price target. The shares closed Wednesday up $1.27 to $79.29. Qualcomm will benefit from recent export restrictions targeted at HiSilicon. With Huawei unable to procure new silicon internally, Qualcomm's Snapdragon chipset will likely be designed into its flagship 2021 smartphones, Vinh tells investors in a research note. While this will require Qualcomm to obtain a license, the analyst anticipates this will be granted.
QCOM
May 26, 2020 | 09:21 EDT
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