JP Morgan Maintains Neutral on Skyworks Solutions, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Peter Peng maintains a Neutral rating on Skyworks Solutions (SWKS) and lowers the price target from $120 to $105.

May 01, 2024 | 3:27 pm
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JP Morgan analyst Peter Peng maintains a Neutral rating on Skyworks Solutions and lowers the price target from $120 to $105.
The reduction in the price target by JP Morgan reflects a negative outlook on the stock's short-term price potential, likely due to anticipated challenges or underperformance relative to the market. This adjustment could lead to a decrease in investor confidence and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100