Qualcomm Receives Presidential Order Prohibiting Broadcom's Proposed Takeover of Qualcomm

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Go back to Qualcomm Receives Presidential Order Prohibiting Broadcom's Proposed Takeover of Qualcomm

Stifel Remains Neutral on Qualcomm (QCOM) as President Trump Blocks Acquisition by Broadcom

March 13, 2018 7:24 AM EDT

Stifel reiterated a Hold rating and $68.00 price target on Qualcomm (NASDAQ: QCOM) after president Trump singed an executive order blocking Broadcom's proposed acquisition of Qualcomm, citing national security concerns.

Details of the security risk are likely around 5G cellular technology. The... More