Qorvo price target lowered to $75 from $90 at Loop Capital

Loop Capital lowered the firm’s price target on Qorvo (QRVO) to $75 from $90 and keeps a Hold rating on the shares. The company reported better-than-expected Q4 results and Q1 guidance, though the firm is adjusting its model for lower peer group multiples, the analyst tells investors in a research note.