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Fly News Breaks for January 29, 2016
SWKS
Jan 29, 2016 | 07:35 EDT
After Skyworks reported stronger than expected Q1 results but provided lower than expected Q2 revenue guidance, Oppenheimer says the guidance removes the Apple (AAPL) overhang on Skyworks. The firm expects the stock to rise today as investors begin to anticipate the positive impact of the iPhone 7 launch on Skyworks. It recommends buying Skyworks and keeps an Outperform rating on the shares.
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