JPMorgan analyst Peter Peng lowered the firm’s price target on Skyworks (SWKS) to $66 from $70 and keeps a Neutral rating on the shares. The company reported slightly better March quarter results and provided a better June quarter outlook reflecting normal seasonal mobile trends and a continued gradual recovery in its Broad Markets segment, the analyst tells investors in a research note. The firm, however, reduced forward estimates in anticipation of tariff challenges.
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