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Actionable news in QCOM: QUALCOMM Incorporated,

Here’s Why BMO Capital Downgraded QUALCOMM, Inc. (QCOM)

In a research report published late Thursday, BMO Capital analyst Tim Long downgraded shares of QUALCOMM, Inc. (NASDAQ:QCOM) from Market Perform to Underperform, with a price target of $50, as he sees negative catalysts on the horizon for the chip maker. In pre-market trading, QCOM is down 1.18% to $54.23.

Long stated, “Although the dividend and cash flow yields are providing some support, we see three negative catalysts coming. (1) We expect a meaningful guide down for the September quarter...