Skyworks price target lowered to $90 from $115 at Barclays

Barclays analyst Blayne Curtis lowered the firm’s price target on Skyworks to $90 from $115 and keeps an Overweight rating on the shares post the earnings report. The analyst says the company’s broad markets were worse on inventory correction. While there is a slight improvement in Android, it is still too early to call it a recovery, the analyst tells investors in a research note.