UPDATE: Mizuho Securities Initiates Coverage on QUALCOMM as TDD Investment is to Pay-Off with 2014 Margin Recovery

In a report published Tuesday, Mizuho Securities analyst Matthew Hoffman initiated coverage on QUALCOMM (NASDAQ: QCOM ) with a Buy rating and $88.00 price target. In the report, Mizuho Securities noted, “We are initiating coverage of QCOM with a Buy rating and a one-year price target of $88. While investors