Stifel Maintains Buy on Skyworks Solutions, Lowers Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Ruben Roy has maintained a Buy rating on Skyworks Solutions (NASDAQ:SWKS) but has lowered the price target from $122 to $112.

May 01, 2024 | 1:24 pm
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Stifel maintains a Buy rating on Skyworks Solutions but lowers the price target from $122 to $112.
While the maintenance of a Buy rating by Stifel indicates continued confidence in Skyworks Solutions' fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions that might slightly temper investor enthusiasm in the short term. However, the overall positive stance suggests that any negative impact on the stock price might be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100