Skyworks price target raised to $58 from $54 at Brean Capital Brean Capital raised its price target on Skyworks to $58 from $54 following its beat and raise results. The firm cited new product opportunities, increased content in RF from emerging markets, and its high margins and free cash flow and keeps a Buy rating on the name.
RF names' weakness creates buying opportunity, says MKM Partners MKM Partners says that the performance of RF names has been "choppy" lately, even though the stocks are exposed to one of the best defensible growth stories in its coverage. It says that weakness in China is likely limited to the low end of the domestic market. The firm raised its price target on Qorvo (QRVO) to $95 from $87, on Skyworks (SWKS) to $116 from $86, and on Avago (AVGO) to $148 from $130. It keeps Buy ratings on all three names.