BofA/Merrill analyst Vivek Arya said Skyworks' (SWKS) 35% discounted valuation to the group is unjustified. He expects better visibility over the next few weeks into Skyworks' 2017 content growth at Apple (AAPL) and other phones, which should increase management's confidence to use its solid balance sheet and cash flow towards a large buyback and or accretive M&A. Arya said Skyworks has one the strongest potentials for sales re-acceleration in the group given easier comps and continued improvement in the operating model and reiterates his Buy rating and $85 price target on shares.