Qualcomm pulled from Conviction Buy list at Goldman

|About: Qualcomm Inc. (QCOM)|By:, SA News Editor

The catalysts noted in the November upgrade "have largely played out," says analyst Simona Jankowski, cutting Qualcomm (QCOM) to Buy from Conviction Buy.

The team trims its June and September quarter estimates to reflect weaker handset demand, but views the issues as "transitory and not thesis-changing over the longer term."

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