Skyworks price target lowered to $85 from $90 at Barclays

Barclays analyst Tom O’Malley lowered the firm’s price target on Skyworks to $85 from $90 and keeps an Equal Weight rating on the shares. The company reported a “worst case scenario” as a big content loss in the iPhone 16 was confirmed, making the story “hard to invest in for the foreseeable future,” the analyst tells investors in a research note.