Skyworks (SWKS) Price Target Raised to $125 at BofA/ML
Get Alerts SWKS Hot Sheet
Rating Summary:
19 Buy, 26 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
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BofA/Merrill Lynch maintained a Buy rating on Skyworks Solutions (NASDAQ: SWKS) and raised its price target to $125.00 (from $115.00). Analyst Vivek Arya has increased confidence in trends in the second half of the year following a 100% dividend increase. The analyst sees multiple expansion given sustainability of EBITDA growth, projected at 20-22% annually. The analyst also noted strong FCF, a clean balance sheet, and accretive M&A potential.
For an analyst ratings summary and ratings history on Skyworks Solutions click here. For more ratings news on Skyworks Solutions click here.
Shares of Skyworks Solutions closed at $109.98 yesterday.
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