Skyworks shares are trading lower after Citigroup downgraded the stock from Neutral to Sell and lowered its price target from $116 to $87.
Portfolio Pulse from Benzinga Newsdesk
Citigroup has downgraded Skyworks' stock from Neutral to Sell and reduced its price target from $116 to $87. This has resulted in Skyworks' shares trading lower.
October 10, 2023 | 12:30 pm
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Skyworks' stock has been downgraded by Citigroup from Neutral to Sell, with a reduced price target from $116 to $87, leading to a decrease in share price.
The downgrade by Citigroup from Neutral to Sell and the reduction in price target from $116 to $87 indicates a negative outlook for Skyworks. This has led to a decrease in the share price, which is likely to continue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100