Qualcomm forecast falls short as Apple sales disappear

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Qualcomm (QCOM) PT Lowered to $71 at RBC Capital

November 8, 2018 7:26 AM EST

RBC Capital analyst Amit Daryanani lowered the price target on Qualcomm (NASDAQ: QCOM) to $71.00 (from $77.00) while maintaining an Outperform rating.

Daryanani notes cost containment was offset by soft smartphone demand. Meanwhile, he said all eyes are on the Apple... More