Mizuho upgraded Qorvo (QRVO) to Neutral from Underperform with a price target of $93, up from $75. The company’s merger with Skyworks (SWKS) provides “valuation synergies,” which helps offset broader handset headwinds, the analyst tells investors in a research note. Mizuho says its $73 price target on Skyworks would imply a Qorvo offer price of $103 per share by the end of fiscal 2027. A China regulatory approval discount gets it to $93.
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