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Qualcomm Rises on First Union Securities Upgrade

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Qualcomm

(QCOM) - Get QUALCOMM Incorporated Report

was up 5% in midafternoon trading following an upgrade to strong buy from buy at

First Union Securities

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. Analyst Mark Roberts set a target of 90 and said investors should buy "aggressively" because he suspects "there are several good news events ahead" and "few potential negative surprises."