Qualcomm price target raised to $190 from $150 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Qualcomm (QCOM) to $190 from $150 and keeps a Neutral rating on the shares. Handset strength from Samsung (SSNLF), coupled with a positive mix benefit from Huawei and Xiaomi, along with cyclical recovery in non-handset businesses, can support at least an in-line guide, the analyst tells investors in a research note. Cantor likes the risk-reward into earnings.