In a noted released Thursday, Canaccord analyst T. Michael Walkerly maintained a Buy rating on Qualcomm QCOM, but lowered his price target to $90 based on a downward revision to his 2015 pro forma EPS estimate.
The 2015 pro forma EPS estimate revision (from $5.98 to $5.60) is due to the company's decision to exclude 215 million 3G/4G units from its calendar 2014 TRDS market estimates.
Qualcomm was down 6.52 percent to $76.28, at last check.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
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!
Already a member?Sign in