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Mizuho Downgrades Skyworks Solutions to Underperform From Neutral, Adjusts PT to $46 From $60
Mizuho has downgraded Skyworks Solutions (SWKS) from Neutral to Underperform, significantly revising its price target down to $46 from $60. This decision reflects a more pessimistic outlook on the semiconductor company’s future performance. The article also provides a brief overview of Skyworks Solutions’ business, including its product offerings and geographical sales distribution.