Piper Sandler Downgrades Skyworks Solutions to Neutral, Announces $90 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has downgraded Skyworks Solutions (NASDAQ:SWKS) from Overweight to Neutral and set a price target of $90.
January 04, 2024 | 10:47 am
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NEGATIVE IMPACT
Skyworks Solutions was downgraded by Piper Sandler from Overweight to Neutral with a price target of $90.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $90 may also set a lower expectation for the stock's future performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100