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Fly News Breaks for February 6, 2018
SWKS
Feb 6, 2018 | 07:15 EDT
DA Davidson analyst Thomas Diffely kept his Buy rating and $130 price target on Skyworks despite the softer than expected Q2 outlook due to lower than expected iPhone unit volumes. Longer term, the analyst says the growth drivers are "squarely intact", namely the 2019 ramp of 5G networks, continued growth of Internet of Things devices, and an estimated 5-times rise in data usage from the next generation computing.
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