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BMO Capital Cuts Price Target on Qualcomm (QCOM) to $67 Following 4Q

November 3, 2016 8:22 AM EDT

BMO Capital maintained a Market Perform rating on Qualcomm (NASDAQ: QCOM), and cut the price target to $67.00 (from $70.00), following the company's 4Q earnings report. Revenues were $6.2 billion and pro forma EPS was $1.28 in the quarter, better than the consensus estimates of $5.9 billion and $1.13. QCOM expects... More