Barclays Reinstates Qualcomm at Underweight With a $130 Target: Is the Handset Story Officially Broken?

Barclays reinstated coverage on Qualcomm with an Underweight rating and a $130 price target, signaling a bearish view on the stock. The note is likely to pressure sentiment but is routine analyst commentary rather than a catalyst with broad market impact.

Analysis

Barclays reinstated coverage on Qualcomm with an Underweight rating and a $130 price target, signaling a bearish view on the stock. The note is likely to pressure sentiment but is routine analyst commentary rather than a catalyst with broad market impact.