B. Riley raised the firm’s price target on Skyworks to $115 from $110 and keeps a Neutral rating on the shares. The company reported “slightly better” fiscal Q1 results with solid inventory reduction, the analyst tells investors in a research note. The firm is “incrementally more positive” on shares but retains a sideline stance, seeking durable upside estimate revision drivers which could include value-enhancing acquisitions.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SWKS:
- Skyworks Solutions Declares Cash Dividend for Shareholders
- Options Volatility and Implied Earnings Moves Today, January 30, 2024
- Skyworks price target raised to $110 from $89 at B. Riley
- Citi replaces Nvidia with Marvell as top specialty semi pick
- Skyworks price target raised to $120 from $110 at Susquehanna
