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Fly News Breaks for May 18, 2018
SWKS
May 18, 2018 | 07:20 EDT
As previously reported, Raymond James downgraded Skyworks to Market Perform from Outperform. Analyst Chris Caso said at this point in the year, Skyworks' management has high visibility into the smartphone content cycle, with the only variable being phone units. The analyst does not see enough upside potential to estimates to justify his former $124 price target and is stepping to the sidelines.
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