Skyworks price target lowered to $55 from $70 at Barclays

Barclays analyst Tom O’Malley lowered the firm’s price target on Skyworks (SWKS) to $55 from $70 and keeps an Underweight rating on the shares following the earnings report. The firm says content is falling off as Skyworks’ largest component becomes dual sourced with Broadcom (AVGO) in the iPhone 17.