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Analyst Moves: QCOM, CROX
Thursday, July 25, 2:34 PM ET

This morning, Citigroup downgraded shares of Qualcomm (NASDAQ:QCOM) from buy to neutral citing concerns over competition in the smartphone market. In the report, Citigroup set a $70 price target. Despite the report, shares of Qualcomm were higher by 3.1% today.

And Goldman Sachs downgraded shares of Crox (NASDAQ:CROX) from buy to neutral as near-term catalyst won't push the stock higher. In the report, Goldman set a $14 price target. Shares of Crox were sharply lower today, falling 21% so far.

For MarketNewsVideo.com, I'm Sayoko Murase.

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