Citigroup Maintains Neutral on Qualcomm, Lowers Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Danely maintains a Neutral rating on Qualcomm and lowers the price target from $200 to $185.
October 16, 2024 | 7:14 pm
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NEGATIVE IMPACT
Citigroup analyst Christopher Danely maintains a Neutral rating on Qualcomm and lowers the price target from $200 to $185.
The lowering of the price target from $200 to $185 by Citigroup suggests a less optimistic outlook for Qualcomm's stock performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations based on the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100