Morgan Stanley raised the firm’s price target on Skyworks (SWKS) to $76 from $69 and keeps an Equal Weight rating on the shares. Skyworks delivered another quarter of solid execution in what remains a difficult smartphone environment, says the analyst, who adds that while near-term margin pressure persists, pricing and cost actions help offset.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SWKS:
- Joseph Moore Maintains Hold on Skyworks as Solid Execution Offsets Margin Pressures and Limits Upside
- Krish Sankar Maintains Hold on Shares, Lifts Price Target to $75 Amid Long-Term RF Upside and QRVO Merger Overhang
- Skyworks Solutions Earnings Call Highlights Growth Pivot
- Notable companies reporting after market close
- SWKS Earnings this Week: How Will it Perform?