Morgan Stanley Maintains Overweight Rating and $57 PT on Qualcomm

A report from Morgan Stanley reiterates its Overweight rating and $57 price target on Qualcomm QCOM. The report states, “QCOM beat and gave bullish guidance for FQ1 with chipments of 146-154M, up 15-21% q/q, on the back of the iPhone 4S launch. It's all about the chips as Snapdragon shipments to Nokia and the intro of LTE smartphones based on the 8960 could provide upside to QCT revenue and margin in 2H'12." QCOM closed yesterday at $52.18.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: Analyst ColorEarningsNewsGuidanceReiterationAnalyst RatingsMorgan Stanley
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!