BofA/Merrill Lynch Upgrades Qualcomm (QCOM) to Buy

BofA/Merrill Lynch upgraded Qualcomm (NASDAQ: QCOM) from Neutral to Buy with a price target of $80.00. Analyst Tal Liani thinks negative trends have played out and are now built into guidance. SOTP valuation suggests a discount to peers.

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 $68.73 yesterday.

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