Skyworks downgraded on lack of catalysts at Barclays

Barclays downgraded Skyworks Solutions to Equal Weight from Overweight with an unchanged price target of $115. The company’s Apple (AAPL) content story ended up being flat this year and there is not much to look forward to in Android with the market still underperforming, the analyst tells investors in a research note. The firm sees no catalysts for Skyworks and views its content story as “uninspiring.” It also wonders if there is an radio frequency “growth story in general with 5G so long in the tooth.”