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Fly News Breaks for February 7, 2019
SWKS
Feb 7, 2019 | 08:47 EDT
DA Davidson analyst Thomas Diffely raised his price target on Skyworks to $95 and kept his Buy rating after its Q1 results, saying the company is enjoying "strong momentum" in the high-growth broad markets business which is offsetting some unit declines in the mobile business. The analyst notes that the latter is driven by soft end market demand in China, maintaining his positive view on the shares given the company's investments and the adoption of its new products.
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