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Fly News Breaks for November 13, 2019
SWKS
Nov 13, 2019 | 08:34 EDT
Loop Capital analyst Cody Acree raised his price target on Skyworks to $120 and kept his Buy rating after its Q4 earnings beat and above-consensus outlook. The analyst notes that while expectations were high going into the quarter, investors should "buy the pullback" in the stock price given the "clean" results in the quarter and signs of a "growing" 5G momentum. Acree contends that the downward pressure on Skyworks stock should be short-lived once investors better evaluate the results.
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