Morgan Stanley Believes Qualcomm is Approaching Earnings Potential

In a report published Monday, Morgan Stanley analyst Meta A. Marshall reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “Qualcomm's mobile developer event last week highlighted the future expansion areas of Qualcomm as connectivity spreads. While the elephant in the room (NDRC outcome) went unaddressed, QCOM demonstrated innovations in fast growing markets where they can expand.” Qualcomm closed on Friday at $75.53.