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Fly News Breaks for May 3, 2019
SWKS
May 3, 2019 | 09:05 EDT
Craig-Hallum analyst Anthony Stoss raised his price target for Skyworks to $105 from $90 and maintained a Buy rating after the company reported results in-line with estimates as weakness in China was offset by strength in Broad Markets. Stoss tells investors in a research note that he believes Skyworks will benefit from significant content expansion in 2020 as 5G phones rollout in volume.
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