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Fly News Breaks for December 16, 2015
SWKS
Dec 16, 2015 | 07:55 EDT
BofA/Merrill analyst Vivek Arya trimmed Skyworks (SWKS) estimates following a reduction in Apple (AAPL) iPhone estimate cuts. Arya trimmed Skyworks March quarter revenue estimate by $40M and is now (12%) quarter-over-quarter versus consensus of (8%). The analyst said his estimates could have upside given management's solid, diversified record off offsetting weakness by content gains at other customers and maintains his Buy rating but lowers his price target on shares to $100 from $110.
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