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Fly News Breaks for January 20, 2017
SSNLF, SWKS
Jan 20, 2017 | 07:12 EDT
Oppenheimer analyst Rick Schafer raised his price target for Skyworks (SWKS) to $105 from $100 after the company delivered a beat/raise Q1. The analyst says Q2 marks the return to year over year growth and expects Skyworks to deliver above-market growth driven by continued smartphone content gains, China share gains, seasonal uptick at Samsung (SSNLF) and continued double-digit RF complexity increases. He reiterates an Outperform rating on Skyworks' shares.
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