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Fly News Breaks for October 8, 2015
PMCS, SWKS
Oct 8, 2015 | 07:47 EDT
Brean Capital lowered its price target on Skyworks (SWKS) to $100 from $120 following its announced acquisition of PMC-Sierra (PMCS). The firm is encouraged by the company's efforts to diversify away from mobile and leverage its scale and supply chain into high growth markets, but lowered its target due to compressing market multiples. Brean Capital maintained its Buy rating on Skyworks shares.
News For SWKS;PMCS From the Last 2 Days
SWKS
Jun 14, 2019 | 10:53 EDT
Shares of Broadcom (AVGO) are lower in morning trading after the company's quarterly revenue missed analyst estimates and lowered its revenue for the fiscal year, saying it sees a "broad-based slowdown" in the demand environment. Following the report,... To see the rest of the story go to thefly.com. See Story Here