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• QCOM 73% Rate It

On Wednesday QUALCOMM, Inc ( QCOM ) was downgraded by analysts from DA Davidson.

The analyst at DA Davidson downgraded Qualcom from "Buy" to "Neutral." A price target of $65 suggests an increase of 7% from the stock's Tuesday closing price of $60.39. However, potential earnings are not expected to perform well as the company's growth may decelerate in 2013.

Qualcomm's shares were declining in morning trading on Wednesday, falling $.58 (.96%).

The Bottom Line
Shares of Qualcomm ( QCOM ) have a 1.66% dividend yield, based on last night's closing stock price of $60.39. The stock has technical support in the $56-$58 price area. If the shares can firm up, we see overhead resistance around the $64-$65 price levels.

QUALCOMM, Inc ( QCOM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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