Skyworks price target raised to $114 from $96 at Morgan Stanley

Morgan Stanley analyst Craig Hettenbach raised the firm’s price target on Skyworks to $114 from $96 and keeps an Equal Weight rating on the shares. The firm sees "value here," given it sees snapback potential in China smartphones and at Samsung, though "that is not playing out right away" given Skyworks guided for modest weakness in March, as expected, the analyst tells investors.