Deutsche Bank Downgrades Skyworks Solutions (SWKS) to Hold

Deutsche Bank downgraded Skyworks Solutions (NASDAQ: SWKS) from Buy to Hold and cut their price target to $30.

The firm states, "We think Skyworks faces a volatile second half. While we see no serious signs of trouble, we think share loss at Apple, pricing pressure in China, and integration issues will make it difficult for them to keep beating numbers. Long-term industry fundamentals seem strong, and they remain the best company in the sector, but additional near-term uncertainty merits a Hold rating."

For more ratings news on Skyworks Solutions click here and for the rating history of Skyworks Solutions click here.

Shares of Skyworks Solutions closed at $23.16 yesterday.

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