Skyworks Solutions down after Barclays cuts to 'underweight'

Skyworks Solutions

10/10/2024 11:45

** Shares of chip company Skyworks Solutions  SWKS.O  down
2.5% at $95.40 premarket
    ** Barclays downgrades SWKS to "underweight" from
"equal-weight" 
    ** Brokerage also cuts PT to $87 from $115, which represents
a downside of ~11% to stock's last close
    ** 8 of 30 brokerages rate the stock "buy" or higher, 19
"hold" and 3 "sell" or lower; their median PT is $115 - LSEG
data
    ** Up to last close, stock had fallen ~13% this year

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))