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Fly News Breaks for January 24, 2020
SWKS, QRVO
Jan 24, 2020 | 08:46 EDT
Longbow analyst Shawn Harrison said he remains bullish on Skyworks (SWKS) following the company's "beat and raise" report, noting that he forecasts continued margin expansion for FY20 and FY21. The analyst, who sees Skyworks' comments on "healthy" smartphone channel inventory as a positive for Qorvo (QRVO), keeps a Buy rating on Skyworks shares and raised his price target on the stock to $142 from $138.
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