Cantor Fitzgerald Starts Qualcomm (QCOM) at Buy; The Dominator

June 28, 2012 7:01 AM EDT Send to a Friend
Get Alerts QCOM Hot Sheet
Price: $76.80 -0.12%

Rating Summary:
    23 Buy, 16 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 21 | New: 16
Trade QCOM Now!
Join SI Premium – FREE
Cantor Fitzgerald initiates coverage on Qualcomm (NASDAQ: QCOM) with a Buy. PT $66.00.

Analyst, Dale R. Pfau, said, "We are bullish on the long-term trends in wireless devices, however, in the near term, we are slightly concerned about dislocations due to the 28 nm capacity issue and potential impacts due to macro-economic events. Therefore, our estimates are below consensus (but within guidance) for 3Q:12 and FY:12. Our estimates for Fiscal 2013 and 2014 are above consensus ($4.33 & $4.99)."

For an analyst ratings summary and ratings history on Qualcomm click here. For more ratings news on Qualcomm click here.

Shares of Qualcomm closed at $54.91 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

New Coverage

Related Entities

Cantor Fitzgerald

Add Your Comment