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Fly News Breaks for July 11, 2016
SWKS, QRVO, AVGO
Jul 11, 2016 | 09:19 EDT
BofA/Merrill analyst Vivek Arya sees 25%-40% upside for Broadcom (BRCM),Qorvo (QRVO), and Skyworks (SWKS). The analyst said iPhone 6S weakness is largely over, iPhone 7 muted unit demand is reflected in estimates, and 2017's iPhone model with potential new AMOLED screen could be a material catalyst. Arya expects growth to re-accelerate and continues to see content growth at the high-end.