TD Cowen Downgrades Skyworks Solutions to Hold, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Matthew Ramsay downgrades Skyworks Solutions (SWKS) from Buy to Hold and lowers the price target from $125 to $90.
May 01, 2024 | 9:58 am
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NEGATIVE IMPACT
Skyworks Solutions was downgraded by TD Cowen from Buy to Hold with a price target reduction from $125 to $90.
The downgrade from Buy to Hold by a prominent analyst, coupled with a significant reduction in price target, is likely to negatively impact investor sentiment and the short-term stock price of Skyworks Solutions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100