BofA analyst Tal Liani raised the firm’s price target on Qualcomm (QCOM) to $215 from $200 and keeps a Buy rating on the shares after a “strong quarter” with QCT strength that was broad-based, with handsets, autos, and IoT up 14.2%, 17.1%, and 7.4%, respectively. Top-line growth supported a 12c EPS beat, notes the analyst, who increased estimates in-line with the guidance and rolls the firm’s model forward.
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