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Fly News Breaks for January 10, 2020
AAPL, SWKS
Jan 10, 2020 | 05:10 EDT
Mizuho analyst Vijay Rakesh upgraded Skyworks Solutions (SWKS) to Buy from Neutral with a price target of $132, up from $90. The analyst upgraded the radio frequency suppliers as he sees "meaningful upside" from an improving 5G handset outlook. RF content per handset is estimated to rise 50%-60% versus 4G, Rakesh tells investors in a research note. The analyst believes share catalysts should come from the 3GSM in mid-February, which he notes should see multiple 5G handset launches, a potential for a Huawei settlement in the second half of 2020 as China trade tensions cool, and multiple new Apple (AAPL) iPhone models including 5G.