Qualcomm Appoints Dr. James H. Thompson as Chief Technology Officer

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Qualcomm (QCOM) PT Lowered to $64 at Stifel Following Acquisition Plans

March 29, 2017 7:55 AM EDT

Stifel lowered its price target on Qualcomm (NASDAQ: QCOM) to $64.00 (from $65.00) while maintaining a Buy rating.

Analyst Kevin Cassidy commented, "We are adjusting our model to reflect Qualcomm's plans to finance its acquisition of NXP Semiconductors. We expect interest expenses to increase... More