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Fly News Breaks for November 13, 2019
SWKS
Nov 13, 2019 | 07:30 EDT
as reported previously, Canaccord analyst T. Michael Walkley downgraded Skyworks to Hold from Buy. The analyst believes the company is well positioned to grow faster than the broader semi market for the next several years due to smartphone mix among Chinese OEMs requiring integrated Rf solutions, growing IoT opportunities, and the ramping 5G market opportunities. Walkley raised his price target to $102 from $82 but lowered his rating on Skyworks based on current valuation.
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