Skyworks price target lowered to $88 from $110 at BofA

BofA lowered the firm’s price target on Skyworks (SWKS) to $88 from $110 and keeps an Underperform rating on the shares. Skyworks continues to navigate an extended transition period for both the core Mobile business and Broad Markets, where a return to overall topline growth may only occur in FY26, the analyst tells investors. The firm estimates have been “reset materially,” with pro-forma EPS for FY25 and FY26 revised down 19% and 24%, respectively, the analyst noted.