Reported about 19 hours ago
UBS analyst Timothy Arcuri has raised the price target for Skyworks Solutions Inc. (SWKS) to $75 from $65 while maintaining a Neutral rating, despite the semiconductor company facing a significant decline in stock value over the past year. Although Arcuri suggests that Q3 results may meet or slightly exceed expectations due to recent smartphone sales data influenced by trade-related factors, UBS remains cautious about the company's long-term demand outlook amid broader macroeconomic uncertainties.
Source: YAHOO