Qualcomm (QCOM) Price Target Lowered to $70 at Topeka Capital
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January 29, 2015 8:43 AM EST
Credit Suisse analyst K. Garcha lowered estimates and his price target on Qualcomm (NASDAQ: QCOM) to $80.00 (from $85.00) following earnings but maintained a Outperform rating on the stock.
Garcha notes results were overshadowed by a weak QCT outlook causing another reduction to... More
January 29, 2015 7:28 AM EST
Northland Capital Markets downgraded Qualcomm (NASDAQ: QCOM) from Outperform to Market Perform and cut its price target to $70 from $85.
Analyst Tom Sepenzis commented, "QCOM reported better than expected results for its fiscal first quarter, but took guidance down for the full fiscal... More
January 29, 2015 7:26 AM EST
Macquarie downgraded Qualcomm (NASDAQ: QCOM) from Outperform to Neutral.
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 $70.99 yesterday.
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January 28, 2015 4:04 PM EST
(Updated - January 28, 2015 4:17 PM EST)
Qualcomm (NASDAQ: QCOM) reported Q1 EPS of $1.34, $0.08 better than the analyst estimate of $1.26. Revenue for the quarter came in at $7.1 billion versus the consensus estimate of $6.93 billion.
First Quarter Results (GAAP)*
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