Piper Sandler Maintains Overweight on Skyworks Solutions, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has maintained an Overweight rating on Skyworks Solutions (NASDAQ:SWKS) but lowered the price target from $125 to $90.
November 03, 2023 | 8:44 pm
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Skyworks Solutions' price target has been lowered from $125 to $90 by Piper Sandler, though the Overweight rating is maintained.
The lowering of the price target by Piper Sandler indicates a potential decrease in the short-term value of Skyworks Solutions' stock. However, the maintained Overweight rating suggests that the stock is still expected to outperform the market, which could mitigate some of the negative impact.
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IMPORTANCE 80
RELEVANCE 100