Skyworks downgraded to Neutral from Buy at Rosenblatt

Rosenblatt analyst Kevin Cassidy downgraded Skyworks (SWKS) to Neutral from Buy with an $80 price target The “bad news” from the earrings report is that there is an expected content loss in the iPhone 17 versus iPhone 16, which follows content loss in the iPhone 16, the analyst tells investors in a research note. The firm is moving to the sidelines ahead of more clarity on Skyworks’ strategic direction under the newly appointed CEO.