Qualcomm, Inc. (QCOM)’s LTE Dominance, Intel Corporation (INTC) & Broadcom Corporation (BRCM)’s Lowered PT

Intel Corp. Rating Increased to Neutral at Piper Jaffray Cos. (INTC) (DailyPolitical)
Piper Jaffray Cos. upgraded shares of Intel Corporation (NASDAQ:INTC) from an underweight rating to a neutral rating in a report issued on Monday, TheFlyOnTheWall.com reports. They currently have $22.00 target price on the stock, up from their previous target price of $20.00. “The chip industry is now solidly in the post-PC era, but PCs are not going away anytime soon. We expect a modest corporate refresh cycle driven by the end of support for Windows XP in April 2014 coupled with the release of Windows 8.1 in Q4. In addition, with the 2H13 launch of Bay Trail, Intel now has a low-end processor for tablets with good enough performance for consumers.

Qualcomm Is Hardly Threatened By Intel’s LTE Inroads (Trefis)
QUALCOMM, Inc. (NASDAQ:QCOM)’s dominance in the 4G LTE market has spurred Intel (NASDAQ:INTC) into finally announcing its first multi-mode LTE modem this week. The PC giant has long lagged QUALCOMM, Inc. (NASDAQ:QCOM) in the wireless space but it seems to be leveraging its 2010 acquisition of Infineon to slowly catch up. Intel has been hard at work not only improving the power efficiency of its Atom app processors – long considered the bane of x86-based chipsets in mobile – but also improving the wireless capabilities of its baseband modems.

Analysts: Broadcom Bumped from Top Picks and 3 More Research Notes to Look Over (AallStCheatSheet)
Broadcom Corporation (NASDAQ:BRCM): FBR Capital has removed Broadcom from its Top Picks List and lowered its price target for shares to $32 from $40, citing concerns over the company’s business with Apple and Samsung. The firm keeps an Outperform rating on the stock. Best Buy (NYSE:BBY): RBC Capital has increased its target on Best Buy to $41 from $31 after the company reported stronger than expected second quarter results. The firm keeps an Outperform rating on the shares.