Barclays analyst Tom O’Malley lowered the firm’s price target on Qorvo (QRVO) to $90 from $120 and keeps an Equal Weight rating on the shares following the earnings report. Qorvo’s halved Android business and Apple unit headwinds lead to a material reduction in numbers and a leading indicator for the mobile space, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QRVO: