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Fly News Breaks for November 13, 2019
SWKS
Nov 13, 2019 | 07:40 EDT
Cowen analyst Karl Ackerman raised his price target on Skyworks to $105 from $95 following its beat-and-raise results. The analyst believes the guidance may have been underwhelming to investors in the context of better iPhone builds and an improving backdrop for China smartphones. He believes its current valuation puts it at a 25% discount to semi. Ackerman reiterated his Outperform rating on Skyworks shares.
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