Citigroup Downgrades Skyworks Solutions to Sell, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik has downgraded Skyworks Solutions from Neutral to Sell and lowered the price target from $116 to $87.
October 10, 2023 | 11:43 am
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NEGATIVE IMPACT
Skyworks Solutions has been downgraded from Neutral to Sell by Citigroup, with a lowered price target from $116 to $87.
The downgrade from Citigroup, a major financial institution, could negatively impact investor sentiment towards Skyworks Solutions. The lowered price target suggests that Citigroup believes the stock is overvalued, which could lead to a sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100