Qualcomm Inc. is trading slightly higher Monday after the stock was added to JPMorgan’s Analyst Focus List. What Happened JPMorgan analyst Samik Chatterjee maintained Qualcomm with an Overweight rating and $225 price target. The analyst expects easing supply and benefits of diversification to lead to both earnings upside and a rerating of the stock. Lebenthal’s Take “I think the stock should be $210 right now,” Cerity Partners’ Jim Lebenthal said Monday on CNBC’s “Fast Money Halftime Report.” Lebenthal thinks Qualcomm deserves a 20 times earnings multiple. The stock is currently trading at about 17 times price to forward earnings, according to data from Benzinga Pro. “The stock has been held back by the perception that it’s just a mobile phone company and that its fortunes are really tied to Apple, [but] it is rapidly diversifying away from just being handsets,” Lebenthal said. Qualcomm is expanding into automotive and the IoT …