Summit Insights downgraded Qorvo (QRVO) to Hold from Buy. The analyst cites the company’s Q2 results and notes that while the firm is positive on Qorvo’s diversification strategy and believe that it has sufficient enough catalysts to outperform through the first half of 2024, it also sees the company struggling again in the second half of next year due to increased competition from Qualcomm (QCOM).
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