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Qualcomm (QCOM) Shares Rise as Sterne Agee Upgrades to Buy

March 21, 2011 7:40 AM EDT
Get Alerts QCOM Hot Sheet
Price: $165.79 +0.61%

Rating Summary:
    25 Buy, 33 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Qualcomm (NASDAQ: QCOM) shares are up more than 1% in pre-open trading following an earlier upgrade from an analyst at Sterne Agee.

The firm boosted its investment rating on QCOM shares from Neutral to Buy. Sterne Agee set a $62 price target on the stock.

With Qualcomm shares last trading at $52.25, Sterne Agee's new price target implies potential upside of about 19%.

For more ratings news on Qualcomm click here and for the rating history of Qualcomm click here.


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