JPMorgan raised the firm’s price target on Skyworks (SWKS) to $74 from $66 and keeps a Neutral rating on the shares. The company’s “slightly better” December quarter outlook reflects solid iPhone demand, the analyst tells investors in a research note.
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Read More on SWKS:
- Cautious Outlook on Skyworks Solutions Amid Market Challenges and Apple Dependency
- Skyworks price target lowered to $80 from $85 at UBS
- Skyworks Solutions: Hold Rating Amid Uncertain Apple Content Gains and Mixed Financial Outlook
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- Skyworks reports Q4 EPS $1.76, consensus $1.53
