Qorvo price target lowered to $90 from $120 at Barclays

Barclays analyst Tom O’Malley lowered the firm’s price target on Qorvo (QRVO) to $90 from $120 and keeps an Equal Weight rating on the shares following the earnings report. Qorvo’s halved Android business and Apple unit headwinds lead to a material reduction in numbers and a leading indicator for the mobile space, the analyst tells investors in a research note.