Qorvo price target raised to $100 from $95 at UBS

UBS raised the firm’s price target on Qorvo (QRVO) to $100 from $95 and keeps a Neutral rating on the shares. Qorvo is benefiting from some smartphone pull-in, both procurement and sell-through, and the bar for revenue still seems fairly conservative, the analyst tells investors in a research note. While the firm appreciates Qorvo’s improvements, the market seems to have uncovered this already, UBS says.