Cowen On Skyworks (SKWS): Co. Will Ride iPhone Super-Cycle But We Prefer Qorvo (QRVO)

Cowen raised its price target on Skyworks Solutions (NASDAQ: SWKS) to $85.00 (from $80.00) while maintaining a Market Perform rating.

Analyst Timothy Arcuri comments "Broad markets more than made up for Samsung weakness, while AAPL was as expected and guide should quell fears around AAPL/iPhone. We still think BAW sourcing remains a big question mark (would obviously love to see SWKS buy AVGO FBAR) but the model seems largely de-risked. While we believe SWKS will definitely ride the iPhone super-cycle, when push comes to shove, we prefer QRVO."

You May Also Be Interested In

• Alamos Gold Inc. (AGI:CN) (AGI) PT Lowered to Cdn$73 at BMO Capital
• Axis Capital Limited Downgrades Nippon Life India Asset Management Ltd (NAM:IN) to Add (2)
• Ladenburg Thalmann Assumes Elicio Therapeutics (ELTX) at Buy Following Selloff, 'overblown'