Piper Sandler lowered the firm’s price target on Qorvo (QRVO) to $90 from $110 and keeps a Neutral rating on the shares. The firm notes Qorvo reported its December quarter results with an EPS beat and came in relatively inline revenue, but guided to an extremely disappointing March quarter.
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Read More on QRVO:
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- Qorvo reports Q3 EPS $2.17, consensus $1.86
- Qorvo sees Q4 EPS $1.20 +/- 15c, consensus $1.37
- Qorvo options imply 5.7% move in share price post-earnings