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Skyworks: Buy The Stock After Apple Downdraft, Says Oppenheimer
2015-08-05 16:08:03| Semiconductors - Topix.net
Shares of wireless chip maker Skyworks Solutions are down $1.29, or 1.5%, at $87.40, pre-market, perhaps not surprising given the company is a prominent supplier to Apple 's iPhone , and Apple's stock is set to open again lower this morning, as warnings start to come out about a slowing in the iPhone outlook. Rushing to the stock's defense this morning is Rick Schafer of Oppenheimer & Co., who reiterates an Outperform rating, and a $120 price target, writing "we liked it at $110, we love it at $89."
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Category:Electronics and Electrical