Citi lowered the firm’s price target on Skyworks (SWKS) to $63 from $80 and keeps a Neutral rating on the shares.
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Read More on SWKS:
- Hold Rating Maintained as Steady Apple Demand Offsets Margin Pressure and Merger Timing Risks
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- Skyworks reports Q1 EPS $1.54, consensus $1.40
- Skyworks sees Q2 EPS $1.04, consensus 96c
- Skyworks options imply 6.9% move in share price post-earnings