Market Overview

Canaccord Lowers Price Target On Qualcomm Amid 2015 Guidance

Related QCOM
Bank Of America Turns Incrementally Bullish On Qualcomm, Highlights Multiple Catalysts
The Week Ahead: AT&T Trial, IBM Think, Nike Earnings, And The IPO Market Comes Alive
' Stocks Move on Friday (GuruFocus)

In a noted released Thursday, Canaccord analyst T. Michael Walkerly maintained a Buy rating on Qualcomm (NASDAQ: 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.

Latest Ratings for QCOM

Mar 2018Morgan StanleyReinstatesUnderweight
Mar 2018Deutsche BankMaintainsHoldHold
Mar 2018Deutsche BankReinstatesHold

View More Analyst Ratings for QCOM
View the Latest Analyst Ratings

Posted-In: Canaccord Michael WalkerlyAnalyst Color Price Target Reiteration Analyst Ratings


Related Articles (QCOM)

View Comments and Join the Discussion!