TD Cowen lowered the firm’s price target on Skyworks (SWKS) to $65 from $75 and keeps a Hold rating on the shares. The firm said results were slightly better than expected and blended content at Apple (AAPL) expected to be flat, which is also relatively positive given share loss concerns earlier this year.
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Read More on SWKS:
- Skyworks price target lowered to $65 from $72 at Stifel
- Skyworks price target lowered to $58 from $63 at UBS
- Skyworks price target lowered to $65 from $74 at JPMorgan
- Skyworks price target lowered to $63 from $80 at Citi
- Hold Rating Maintained as Steady Apple Demand Offsets Margin Pressure and Merger Timing Risks