Cantor Fitzgerald Starts Qualcomm (QCOM) at Buy; The Dominator

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June 28, 2012 7:01 AM EDT
Get Alerts QCOM Hot Sheet
Price: $159.41 -0.83%

Rating Summary:
    25 Buy, 33 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 25
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Cantor Fitzgerald initiates coverage on Qualcomm (NASDAQ: QCOM) with a Buy. PT $66.00.

Analyst, Dale R. Pfau, said, "We are bullish on the long-term trends in wireless devices, however, in the near term, we are slightly concerned about dislocations due to the 28 nm capacity issue and potential impacts due to macro-economic events. Therefore, our estimates are below consensus (but within guidance) for 3Q:12 and FY:12. Our estimates for Fiscal 2013 and 2014 are above consensus ($4.33 & $4.99)."

For an analyst ratings summary and ratings history on Qualcomm click here. For more ratings news on Qualcomm click here.

Shares of Qualcomm closed at $54.91 yesterday.

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