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Fly News Breaks for March 16, 2018
QRVO
Mar 16, 2018 | 07:32 EDT
JPMorgan analyst Bill Peterson says the recent weakness in shares of Qorvo (QRVO) creates an attractive entry point. The company's market share position, especially at Apple (AAPL), and competitive positioning in general, "remain well intact," Peterson tells investors in a research note. He expects Qorvo will drive dollar content gains in mobile at Apple, Samsung, and Chinese smartphone manufacturers. Peterson raised his price target for the shares to $92 from $88 and keeps an Overweight rating on the name.
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