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Fly News Breaks for May 24, 2018
QRVO
May 24, 2018 | 07:12 EDT
JPMorgan analyst Bill Peterson raised his price target for Qorvo to $96 following the company's analyst day. The analyst left "incrementally more confident" in Qorvo's ability to execute on its product ramps. He expects these to drive "significant" year-over-year revenue growth and "meaningful" margin expansion in the second half of 2018 and into next year. The analyst sees further upside in the shares and keeps an Overweight rating on Qorvo.
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