TD Cowen lowered the firm’s price target on Skyworks (SWKS) to $75 from $90 and keeps a Hold rating on the shares. The firm said the company’s December quarterly results and March’s quarterly guide were slightly above Street expectations. However the company expects 20-25% content loss at its iOS customer which represented 72% of total CQ4 revenues.
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Read More on SWKS:
- Skyworks price target lowered to $85 from $105 at Craig-Hallum
- Skyworks price target lowered to $70 from $90 at Loop Capital
- Skyworks price target lowered to $72 from $87 at Morgan Stanley
- Skyworks downgraded to Neutral from Buy at Rosenblatt
- Skyworks price target lowered to $55 from $70 at Barclays
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