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Fly News Breaks for February 5, 2016
SWKS, QRVO
Feb 5, 2016 | 08:19 EDT
Citi analyst Atif Malik downgraded Qorvo (QRVO) to Sell saying the company's March quarter guidance reflects "weak execution" and potential share loss to competitors, possibly Skyworks (SWKS) in China. Malik cut his price target for the shares to $35 from $45. Malik keeps a Buy rating on Skyworks with a $78 price target.
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