Mizuho Maintains Buy on Skyworks Solutions, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh maintains a Buy rating on Skyworks Solutions (SWKS) but lowers the price target from $125 to $115.

May 01, 2024 | 2:23 pm
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NEUTRAL IMPACT
Mizuho maintains a Buy rating on Skyworks Solutions but lowers the price target from $125 to $115.
While the maintenance of a Buy rating by Mizuho reflects continued confidence in Skyworks Solutions' fundamentals and growth prospects, the reduction in the price target could signal concerns about near-term challenges or market conditions that might temper stock performance. This mixed signal is likely to have a neutral short-term impact on SWKS's stock price, as positive sentiment from the maintained Buy rating could be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100