B. Riley analyst Craig Ellis raised the firm’s price target on Skyworks (SWKS) to $115 from $95 and keeps a Neutral rating on the shares. The analyst views the company’s fiscal Q1 results as "mixed," led by Apple (AAPL) strength, and says that while Q2 s guide was below expectations, it was less bad than feared. Riley retains a Neutral rating looking for signs of a "durable demand inflection."
Published first on TheFly
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