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Fly News Breaks for January 13, 2016
SWKS
Jan 13, 2016 | 07:38 EDT
Stephens analyst Harsh Kumar lowered his estimates for Skyworks (SWKS) citing the near-term headwinds from its large handset customer, Apple (AAPL), and cut his price target accordingly to $90 from $120. However, the analyst thinks the stock is attractive at current levels based on his belief that content gains should position it for mid-teens growth. Kumar keeps an Overweight rating on Skyworks shares.
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