Qorvo upgraded to Buy from Hold at Benchmark

Benchmark upgraded Qorvo (QRVO) to Buy from Hold with a $95 price target Qorvo turned in a “solid” March quarter performance and “gave an equally encouraging June period outlook,” the analyst tells investors. The firm believes the company is executing well on its margin enhancement initiatives and is further encouraged by what is claimed to be a greater than 10% dollar content increase in Apple’s fall product line up plus significant content increases in Samsung’s new upcoming Z Flip & Z Fold models, the analyst added.