Qualcomm stock downgraded ahead of Apple’s first custom modem
Qualcomm stock was downgraded Tuesday by a KeyBanc analyst over concerns that Apple will create its own modem. Analyst John Vinh downgraded shares of Qualcomm to Sector Weight from Overweight without a price target on Tuesday.
One of the main reasons Vinh recommends investors stay on the sidelines is because of Apple. Qualcom…
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