Barclays analyst Tom O’Malley lowered the firm’s price target on Skyworks (SWKS) to $55 from $70 and keeps an Underweight rating on the shares following the earnings report. The firm says content is falling off as Skyworks’ largest component becomes dual sourced with Broadcom (AVGO) in the iPhone 17.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SWKS: