As previously reported, Goldman Sachs analyst Toshiya Hari upgraded Skyworks to Buy from Neutral as he believes smartphone build plans are stabilizing and forming a bottom and he expects fundamentals in the mobile space to improve in late 2019 and into 2020 with the introduction of 5G phones. He sees the improving fundamental backdrop, coupled with early traction in BAW filters, to drive multiple expansion for Skyworks, Hari tells investors. The analyst, who thinks the March quarter likely marks the bottom for Mobile, raised his price target on Skyworks to $96 from $73.