Barclays analyst Tom O’Malley upgraded Skyworks (SWKS) to Equal Weight from Underweight with a price target of $88, up from $58, following the merger with Qorvo (QRVO). The deal mirrors the prior TriQuint and RF Micro Devices deal that “cleaned up the industry for one of the more prosperous runs in the space,” the analyst tells investors in a research note.
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