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Fly News Breaks for May 28, 2015
AVGO, SWKS
May 28, 2015 | 08:42 EDT
After conducting checks at a conference, JMP Securities says it sees indications that Skyworks (SWKS) is experiencing upside demand from its two largest customers and is capturing share from its primary rival, Avago (AVGO). The firm thinks that Avago's M&A activity has hurt its focus. JMP Securities raised its price target on Skyworks to $125 from $115 and keeps an Outperform rating on the shares.
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