Qualcomm price target raised to $170 from $160 at TD Cowen

TD Cowen raised the firm’s price target on Qualcomm to $170 from $160 and keeps an Outperform rating on the shares. The firm said they posted a solid beat and inline guide which point to encouraging stabilization across end-markets with Handsets growing above consensus, stronger Auto sales versus ADAS peers, and a bottoming in most IoT segments.