This morning, Jefferies initiated coverage on shares of Qualcomm (NASDAQ:QCOM) with a buy rating as the company is likely to win business when Apple (NASDAQ:AAPL) reveals the 6th generation of its iPhone next year. With the buy rating, Jefferies set a $80 price target. Shares of Qualcomm were higher on Tuesday, gaining 0.8% so far.
And Pacific Crest increased its price target on shares of Salesforce.com (NYSE:CRM) to $60 as the company should beat conservative Wall Street EPS estimates. In the report, Pacific Crest maintained its outperform rating. Shares of Salesforce.com were higher by 1.2% today.
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