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Canaccord Genuity Remains bullish on Qualcomm (QCOM) Ahead of 2Q Report
April 14, 2016 10:03 AM EDTCanaccord Genuity maintained a Buy rating and $65.00 price target on Qualcomm (NASDAQ: QCOM) ahead of the company's 2Q earnings report. Cannaccord anticipates that a soft smartphone macro environment will impact near-term results, and believes that the company has made good progress in the past three months entering licensing agreements with leading Chinese OEMs that should help drive improved QTL trends in 2H/C2016 and F2017.
Analyst Michael Walkley commented, "We... More
