Qualcomm (QCOM) is +1% to $48.50 after issuing bullish guidance at its analyst day followed by...

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

Qualcomm (QCOM) is +1% to $48.50 after issuing bullish guidance at its analyst day followed by an upgrade from Credit Suisse to Outperform from Neutral (price target $60, up from $50). Credit Suisse believes "improving visibility on earnings growth will result in the shares re-rating."