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SWKS

Skyworks

$65.18

0.71 (1.10%)

, AAPL

Apple

$150.77

2.95 (2.00%)

07:50
01/09/19
01/09
07:50
01/09/19
07:50

Skyworks price target lowered to $75 from $90 at Barclays

Barclays analyst Blayne Curtis lowered his price target for Skyworks Solutions (SWKS) to $75 after the company reduced its December quarter guidance due to "unit weakness across their largest smartphone customer." Skyworks' downward revision is directionally consistent with both the Apple (AAPL) preannouncement as well as other supply chain peers, Curtis tells investors in a research note. On the bright side, it seems like December is "now washed out," adds the analyst. However, he does see "some risk" to the company's March guidance and says the weaker unit environment is concerning. Nonetheless, Curtis keeps an Overweight rating on Skyworks Solutions.

SWKS

Skyworks

$65.18

0.71 (1.10%)

AAPL

Apple

$150.77

2.95 (2.00%)

  • 22

    Jan

  • 05

    Feb

SWKS Skyworks
$65.18

0.71 (1.10%)

01/07/19
DADA
01/07/19
NO CHANGE
Target $85
DADA
Buy
Skyworks price target lowered to $85 from $115 at DA Davidson
DA Davidson analyst Thomas Diffely lowered his price target on Skyworks to $85, also lowering his FY19 EPS view on the stock to $7.15 from $7.45. The analyst cites the "combination of ongoing trade war chatter with China and growing concerns over a potential slowdown in the US economy", leading to reduced demand for advanced handsets and weighing on the company's mobility business. While Diffely sees 2019 as a "transition year" for Skyworks, he keeps a Buy rating on the shares ahead of the 5G transition catalyst in 2020, saying that the company should be a "key beneficiary of complexity growth in the years ahead."
01/07/19
01/07/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Skyworks (SWKS) downgraded to Perform from Outperform at Oppenheimer with analyst Rick Schafer citing the current "semiconductor correction" as well as "continued negative" smartphone news. 2. Snap (SNAP) downgraded to Hold from Buy at Pivotal Research with analyst Brian Wieser saying concerns around employee churn are playing out. 3. PNC Financial (PNC) downgraded to Neutral from Buy at Goldman Sachs with analyst Richard Ramsden saying commercial loan growth has fallen 7 percentage points and is likely to track industry growth rates more closely from here. 4. Quarterhill (QTRH) downgraded to Hold from Buy at Canaccord. 5. Urban Outfitters (URBN) downgraded to Neutral from Overweight at JPMorgan with analyst Matthew Boss saying he sees a "flattish comp downside scenario neutralizing the risk/reward profile." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/09/19
RILY
01/09/19
NO CHANGE
Target $80
RILY
Neutral
Skyworks price target lowered to $80 from $89 at B. Riley FBR
B. Riley FBR analyst Craig Ellis lowered his price target for Skyworks Solutions saying feared mobility weakness drove the company's reduced Q1 outlook. He reiterates a Neutral rating on the shares.
01/09/19
ADAM
01/09/19
NO CHANGE
Target $84
ADAM
Buy
Skyworks price target lowered to $84 from $96 at Canaccord
Canaccord analyst T. Michael Walkley lowered his price target on Skyworks (SWKS) to $84 from $96 following its preannouncement indicating weak smartphone sales from its leading customers, Apple (AAPL) and Samsung (SSNLF), would lead to lower revenues. The analyst also lowered his estimates due to weak global trends including Android smartphones. He still believes, however, that the company's diverse portfolio positions its broad market division for double digit annual growth and Walkley maintained his Buy rating on Skyworks shares.
AAPL Apple
$150.77

2.95 (2.00%)

01/07/19
UBSW
01/07/19
NO CHANGE
Target $180
UBSW
Buy
Apple miss a combination of share loss and general market weakness, says UBS
UBS analyst Timothy Arcuri analyzed the Apple miss announced last week in an attempt to determine whether the miss was due to the company losing market share or general handset market weakness in China. His analysis suggests it is a combination of both, concluding iPhone demand appears to have fallen precipitously but also the China market is clearly soft. The analyst believes a trade deal could help, but China issues could linger. Arcuri maintained his Buy rating and $180 price target on Apple shares.
01/08/19
WELS
01/08/19
NO CHANGE
Target $160
WELS
Market Perform
Concerns over sustainability of Apple Services growth increasing, says Wells Fargo
Wells Fargo analyst Aaron Rakers says that although Apple has continued to deliver impressive Services growth, his discussions with investors have highlighted increased concerns/questions over the sustainability of these trends going forward. The analyst thinks unpacking Apple's key services growth drivers will be increasingly important as investors gauge growth sustainability. He reiterates a Market Perform rating and $160 price target on the shares.
01/08/19
BTIG
01/08/19
NO CHANGE
BTIG
Pixel 3 may be first smartphone with CBRS spectrum, says BTIG
Google's (GOOG, GOOGL) Pixel 3 could be the first smartphone enabled with Citizens Broadband Radio Service spectrum, BTIG analyst Walter Piecyk tells investors in a research note. Pixel 3 launched exclusively with Verizon (VZ) three months ago and at launch, it included Band 42, which includes a portion of the spectrum used for CBRS, says the analyst. Further, he points out that Google requested that the Federal Communications Commission allow it to activate CBRS/Band 48 in the Pixel 3 through a software upgrade. It is unclear if Apple (AAPL) could upgrade its iPhones to CBRS with a software upgrade, like Google, Piecyk contends.

TODAY'S FREE FLY STORIES

INFN

Infinera

$4.87

-0.02 (-0.41%)

17:39
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CRON

Cronos Group

$22.45

0.22 (0.99%)

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$22.45

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$50.38

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BAH

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$53.64

-0.105 (-0.20%)

, GD

General Dynamics

$171.66

-2.78 (-1.59%)

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  • 28

    May

INFN

Infinera

$4.87

-0.02 (-0.41%)

17:35
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Earnings
Infinera reports Q4 EPS (25c), consensus (27c) »

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ECIFF

EDF

$0.00

(0.00%)

17:33
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17:33
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17:33
Downgrade
EDF rating change  »

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LEE

Lee Enterprises

$2.69

0.075 (2.87%)

17:32
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Lee Enterprises' TownNews acquires CMS business from GTxcel »

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CENX

Century Aluminum

$9.30

0.12 (1.31%)

17:31
02/21/19
02/21
17:31
02/21/19
17:31
Earnings
Century Aluminum reports Q4 EPS (43c), consensus (53c) »

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EXEL

Exelixis

$21.22

(0.00%)

17:30
02/21/19
02/21
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17:30
Initiation
Exelixis initiated  »

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EPSN

Epsilon Energy

$0.00

(0.00%)

17:30
02/21/19
02/21
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17:30
Hot Stocks
Epsilon Energy sees 2019 production growth of 27%-33% y/y »

The company anticipates…

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SSRM

SSR Mining

$14.13

0.245 (1.76%)

17:29
02/21/19
02/21
17:29
02/21/19
17:29
Earnings
SSR Mining sees FY19 gold production 395,000 equivalent ounces »

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  • 22

    Feb

ENPH

Enphase Energy

$7.37

0.13 (1.80%)

17:29
02/21/19
02/21
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17:29
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Park West Asset Management reports 5.4% passive stake in Enphase Energy »

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  • 26

    Feb

EPSN

Epsilon Energy

$0.00

(0.00%)

17:29
02/21/19
02/21
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17:29
Hot Stocks
Epsilon Energy board approves $20M-$25M capital budget for 2019 »

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SSRM

SSR Mining

$14.13

0.245 (1.76%)

17:28
02/21/19
02/21
17:28
02/21/19
17:28
Earnings
SSR Mining reports Q4 adjusted EPS 4c, two estimates 0c »

Reports Q4 revenue…

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  • 22

    Feb

BIIB

Biogen

$320.99

-14.02 (-4.18%)

17:28
02/21/19
02/21
17:28
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17:28
Initiation
Biogen initiated  »

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  • 21

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DBX

Dropbox

$25.58

0.1 (0.39%)

17:27
02/21/19
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17:27
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17:27
Earnings
Dropbox sees FY19 revenue $1.63B-$1.64B, consensus $1.6B »

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  • 21

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QNST

QuinStreet

$13.52

-0.26 (-1.89%)

17:26
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  • 14

    Mar

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    Mar

APPN

Appian

$38.73

0.41 (1.07%)

17:26
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Earnings
Appian sees FY19 EPS (46c)-(42c), consensus (44c) »

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  • 21

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  • 07

    Mar

WAB

Wabtec

$73.59

-1.425 (-1.90%)

, GT

Goodyear Tire

$19.19

-0.2 (-1.03%)

17:26
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Hot Stocks
S&P announces changes to S&P 400, 500 indices »

Wabtec (WAB) will replace…

WAB

Wabtec

$73.59

-1.425 (-1.90%)

GT

Goodyear Tire

$19.19

-0.2 (-1.03%)

GE

General Electric

$10.03

-0.07 (-0.69%)

03/08/13
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  • 11

    Mar

DBX

Dropbox

$25.58

0.1 (0.39%)

17:26
02/21/19
02/21
17:26
02/21/19
17:26
Earnings
Dropbox sees Q1 revenue $379M-$382M, consensus $377.03M »

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  • 21

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EIDX

Eidos Therapeutics

$14.99

-0.64 (-4.09%)

17:25
02/21/19
02/21
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Initiation
Eidos Therapeutics initiated  »

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  • 25

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NOC

Northrop Grumman

$287.50

-0.73 (-0.25%)

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  • 21

    Feb

APPN

Appian

$38.73

0.41 (1.07%)

17:25
02/21/19
02/21
17:25
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17:25
Earnings
Appian sees Q1 EPS (17c)-(16c), consensus (12c) »

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  • 07

    Mar

APPN

Appian

$38.73

0.41 (1.07%)

17:22
02/21/19
02/21
17:22
02/21/19
17:22
Earnings
Appian reports Q4 EPS (22c), consensus (16c) »

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  • 07

    Mar

PTGX

Protagonist Therapeutics

$7.32

0.16 (2.23%)

17:20
02/21/19
02/21
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02/21/19
17:20
Initiation
Protagonist Therapeutics initiated  »

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GT

Goodyear Tire

$19.19

-0.2 (-1.03%)

, WAB

Wabtec

$73.59

-1.425 (-1.90%)

17:20
02/21/19
02/21
17:20
02/21/19
17:20
Hot Stocks
Breaking Hot Stocks news story on Goodyear Tire, Wabtec »

Goodyear Tire to replace…

GT

Goodyear Tire

$19.19

-0.2 (-1.03%)

WAB

Wabtec

$73.59

-1.425 (-1.90%)

03/08/13
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  • 11

    Mar

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