Wells Fargo Maintains Equal-Weight on Skyworks Solutions, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley maintains an Equal-Weight rating on Skyworks Solutions (SWKS) and lowers the price target from $110 to $100.

May 01, 2024 | 6:16 pm
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Wells Fargo maintains an Equal-Weight rating on Skyworks Solutions and lowers the price target from $110 to $100.
The reduction in price target by Wells Fargo suggests a bearish outlook on Skyworks Solutions' short-term price potential, likely due to anticipated challenges or underperformance relative to the market. This adjustment could lead to a negative perception among investors, potentially impacting the stock's short-term performance negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100