Citi lowered the firm’s price target on Skyworks to $83 from $87 and keeps a Sell rating on the shares. The company guided the December quarter below Street estimates on broad markets decline due to excess inventory digestion, the analyst tells investors in a research note.
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Read More on SWKS:
- Skyworks price target lowered to $120 from $130 at KeyBanc
- Skyworks price target lowered to $90 from $115 at Barclays
- Skyworks downgraded to Hold from Buy at Summit Insights
- Skyworks sees Q1 adjusted EPS $1.95 at midpoint, consensus $2.31
- Skyworks reports Q4 adjusted EPS $2.20, consensus $2.10
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