Citigroup and Morgan Stanley Adjust Ratings for Skyworks Solutions
What happened
Citigroup set a neutral rating for Skyworks Solutions and reduced its price objective from $77.00 to $64.00. Separately, Morgan Stanley decreased its target price for Skyworks Solutions from $76.00 to $72.00 and assigned an equal weight rating to the company. These updates follow several other rating changes for the semiconductor manufacturer.
From tickerreport.com
Why it matters
Analyst rating changes and target price adjustments from major financial institutions influence investor sentiment regarding Skyworks Solutions. These shifts in coverage can affect the market price of the semiconductor manufacturer's stock.
From tickerreport.com
Who's involved
- CitigroupAmerican investment bank that provided research reports and ratings on Skyworks Solutions
- Skyworks SolutionsAmerican semiconductor manufacturer that is the subject of the rating updates
- Morgan StanleyU.S. investment bank that provided financial ratings and price target coverage for Skyworks Solutions
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Skyworks SolutionsSpeculative
Skyworks Solutions might see its market price and investor sentiment change due to the rating adjustments.
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The entities involved
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Citigroup
American investment bank and financial services corporation
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Skyworks Solutions
American semiconductor manufacturer
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Morgan Stanley
U.S. investment bank
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