Skyworks price target lowered to $65 from $74 at JPMorgan

JPMorgan lowered the firm’s price target on Skyworks (SWKS) to $65 from $74 and keeps a Neutral rating on the shares. The company reported solid results on strong iPhone unit shipments trends and continued growth in its Broad Markets segment, the analyst tells investors in a research note. JPMorgan continues to view the acquisition of Qorvo favorably.