Skyworks price target raised to $52 from $45 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Skyworks (SWKS) to $52 from $45 and keeps an Underweight rating on the shares following the earnings report. Similar to peers, Skyworks says better Apple and Android business but with the “small carrot” that the forecasted 25% content decline was on a conservative modem forecast, the analyst tells investors in a research note. The firm says “things look modestly better than feared” for Skyworks.