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Fly News Breaks for May 27, 2016
SWKS, QRVO
May 27, 2016 | 09:03 EDT
BMO Capital expects Qorvo (QRVO) to continue to benefit from increased data transmissions to smartphones, although it expects the growth to moderate going forward. The firm is upbeat about the company's position and valuation, as well as its ability to increase its operating margin. BMO prefers Qorvo over Skyworks (SWKS), as it does not believe that the latter company's valuation leaves room for much upside. The firm set a $66 price target on Qorvo.
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