The Hot Stock: Qorvo Tops S&P 500 With 4.7% Gain
October 24, 2016 at 17:23 PM EDT
Qorvo ( QRVO ) topped the S&P 500 today after JPMorgan initiated coverage of the wireless chip maker at Overweight. Shares of Qorvo gained 4.7% to $57.29, while the S&P 500 rose 0.5% to 2,151.33 . JPMorgan's Bill Peterson and team explain why they initiated Qorvo with an Overweight rating and a $72 price target today:
