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Qorvo price target raised to $110 from $85 at Craig-Hallum

Craig-Hallum analyst Anthony Stoss raised the firm’s price target on Qorvo (QRVO) to $110 from $85 and keeps a Buy rating on the shares. The firm notes the company reported June revenues and EPS above the Street and guided better than consensus for September given seasonality and increased content with Apple (AAPL). Further, management highlighted strength remains in Defense and Aerospace and that their Infrastructure business is recovering.

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