Qorvo price target lowered to $100 from $110 at BMO Capital

BMO Capital analyst Ambrish Srivastava lowered the firm’s price target on Qorvo to $100 from $110 and keeps a Market Perform rating on the shares. The company Q2 results were better, though the recovery in the handset market is taking the longest that the firm has seen in an end market, even though the market seems to be headed in the right direction, the analyst tells investors in a research note.