Citigroup Maintains Sell on Skyworks Solutions, Lowers Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik has maintained a Sell rating on Skyworks Solutions (NASDAQ:SWKS) and reduced the price target from $85 to $83.
May 02, 2024 | 7:53 pm
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NEGATIVE IMPACT
Citigroup has maintained its Sell rating on Skyworks Solutions and lowered the price target from $85 to $83.
The reduction in price target by Citigroup, accompanied by a maintained Sell rating, suggests a negative outlook for Skyworks Solutions in the short term. This could lead to a decrease in investor confidence and potentially lower stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100