Skyworks Price Target Up on Apple Smartphone Demand

By | December 18, 2014

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Skyworks Solutions received a price target increase on Thursday based on better-than-expected handset demand from Apple (AAPL) and Samsung. Pacific Crest Securities, which has an outperform rating on Skyworks (SWKS) stock, raised its price target to 90 from 75. “Based on recent carrier surveys and supply-chain conversations, we believe Apple is on track to ship 70 million iPhones in the fourth quarter,” Pacific Crest Securities analyst John Vinh Scalper1 News

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