Goldman Sachs Upgrades QUALCOMM (QCOM), Adds to Buy List
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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.
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