downgraded: SMBC Nikko Recommends QUALCOMM Incorporated (NASDAQ:QCOM) Stock to ‘a Neutral’

SMBC Nikko lowered the price target for the QUALCOMM Incorporated (NASDAQ:QCOM) stock from ‘an Outperform’ to ‘a Neutral’. The rating was released on April 18, 2023, according to finviz. We previously noted in another research note published on February 03, 2023 by Raymond James that reiterated the stock to a Strong buy with a price target of $222 for QCOM stock. The research report from Morgan Stanley has reiterated the stock to Overweight, with a price target set at $223. The stock was reiterated by Mizuho, who disclosed in a research note on February 03, 2023, to Buy and set the price objective to $210.