Yonhap Infomax NewsApr 20
JPMorgan downgrades Qualcomm to neutral from overweight, slashing price target to $140 from $185 ahead of fiscal Q2 earnings, citing memory chip constraints, weak China smartphone demand, customer concentration risks, and excessive QCT dependence with projected 22% revenue decline
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JPMorgan Downgrades Qualcomm to Neutral

JPMorgan downgrades Qualcomm to neutral from overweight, slashing price target to $140 from $185 ahead of fiscal Q2 earnings, citing memory chip constraints, weak China smartphone demand, customer concentration risks, and excessive QCT dependence with projected 22% revenue decline

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