KeyBanc analyst John Vinh upgraded Skyworks (SWKS) to Overweight from Sector Weight with a $105 price target following the merger announcement with Qorvo (QRVO). The firm views the merger as “highly complementary,” saying it combines a strong track record of execution at Skyworks with “best-in-class” radio frequency technologies at Qorvo. The deal should result in better pricing and margin expansion, the analyst tells investors in a research note. KeyBanc sees a favorable risk/reward in the shares of Skyworks.
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