Goldman Sachs Upgrades QUALCOMM (QCOM), Adds to Buy List
Goldman Sachs upgrades QUALCOMM Inc. (Nasdaq: QCOM) from Neutral to Buy and added the stock to their Conviction Buy List with a $53 price target, representing 22% upside.
The firm cited an undervalued royalty business, expanding opportunity of Snapdragon chip-set with Microsoft (Nasdaq: MSFT) Windows CE for ARM-based netbooks, and a raised global handset forecast.
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
Trader TalkUpgrades
Stocks Mentioned
Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
