Wells Fargo lowered the firm’s price target on Skyworks (SWKS) to $95 from $110 and keeps an Equal Weight rating on the shares. Skyworks reported mixed results and guidance, and Wells Fargo tells investors that Apple (AAPL) is insulating Skyworks in a stagnant smartphone market.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SWKS: