QCOM: Citi Sees Benefits of Smartphone Explosion in China, Emerging Markets
Citigroup chip analyst Glen Yeung today reiterates a Buy rating and a $75 price target on shares of Qualcomm (QCOM), writing that a much-higher-than-expected rate of growth in smartphones, aided by growth in China and emerging markets, means “Qualcomm Wins.” Yeung takes his cue from a note earlier this month by colleague Kevin Chang stating [...]
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