UPDATE: Raymond James Downgrades QUALCOMM Following Company Analyst Day

In a report published Thursday, Raymond James analyst Tavis C. McCourt downgraded the rating on QUALCOMM (NASDAQ: QCOM ) from Strong Buy to Outperform, but reiterated the $79.00 price target. In the report, Raymond James noted, “We are lowering our rating to Outperform from Strong Buy on shares of QCOM