Morgan Stanley Maintains Equal-Weight on Skyworks Solutions, Raises Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Skyworks Solutions (NASDAQ:SWKS) and raised the price target from $104 to $112.
August 08, 2023 | 2:05 pm
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Skyworks Solutions' price target has been raised from $104 to $112 by Morgan Stanley, maintaining an Equal-Weight rating.
The raised price target indicates that the analyst sees potential for the stock's price to increase. The maintained Equal-Weight rating suggests that the stock is expected to perform in line with the market or the sector in the near term. This could lead to a positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100