Qualcomm (QCOM) Attracts Activist Investor

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BofA/Merrill Lynch Upgrades Qualcomm (QCOM) to Buy

April 14, 2015 7:00 AM EDT

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.

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