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Actionable news in QCOM: QUALCOMM Incorporated,

Qualcomm (QCOM) Stock Falls on BMO Rating Downgrade

NEW YORK (TheStreet) -- Shares of Qualcomm (QCOM) are falling 0.93% to $54.37 this morning after analysts at BMO Capital Markets downgraded the stock to an "underperform" rating from "market perform."

The firm has a $50 price target on the stock.

BMO said it sees three negative catalysts coming for the San Diego-based communication technology company.

The firm said that Qualcomm's guidance for unit growth in the third and fourth quarter is too "aggressive" at 5%-11%, and that the company will be forced to lower numbers.

BMO also expects the chip market share to continue to fall in fiscal year 2017...


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