Qualcomm Royalty Stream Worries Seen Overwrought

By | July 27, 2015

Scalper1 News

Qualcomm (QCOM) stock is oversold, says Morgan Stanley, which upgraded the wireless chip maker to overweight on Monday, with a price target of 75. Qualcomm stock was up more than 1% in afternoon trading in the stock market today, near 62.50. Qualcomm stock fell 3.8% Thursday and touched a two-year low of 60.83 after the company last Wednesday reported a big drop in fiscal Q3 earnings, gave a weak outlook and announced that it’s “aggressively Scalper1 News

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