Barclays Downgrades Qorvo Inc (QRVO) to Equalweight

Barclays analyst Blayne Curtis downgraded Qorvo Inc (NASDAQ: QRVO) from Overweight to Equalweight with a price target of $60.00 (from $70.00).

• Adjust model to remove Huawei contribution.
• Fears further trade war escalation.
• "QRVO has a strong technology profile and some opportunities in 5G but is losing content at AAPL along with a broadly weaker smartphone unit enviroment [sic]."

For an analyst ratings summary and ratings history on Qorvo Inc click here. For more ratings news on Qorvo Inc click here.

Shares of Qorvo Inc closed at $63.44 yesterday.

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