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Fly News Breaks for January 18, 2017
SWKS
Jan 18, 2017 | 08:07 EDT
Brean Capital analyst Mike Burton believes Skyworks could report a small upside to their December quarter but that guidance could be impacted by some headwinds, including aggressive promotions in foreign countries such as India and China. The promotions may pull some demand and strain supply shortages in memory and small-panel displays. In addition, a delay in the launch of Samsung's GS8 could provide for tough headwinds. Burton maintained his Buy rating and $85 price target on Skyworks shares as he does not believes the shares are expensive.
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