Mizuho Upgrades Skyworks, Qorvo; Merger Benefits

Mizuho upgrades Skyworks and Qorvo to Neutral, anticipating valuation benefits from their planned merger. The combined company would become the largest global player in radio frequency technology, holding over twenty-five percent of the market share. Despite hurdles like reliance on Apple and competition from Chinese companies, Mizuho increased Skyworks price target to $73 and Qorvos to $93. However, they applied a ten percent discount to Qorvo due to potential regulatory delays. While the merger offers short-term support, Mizuho warns of medium-term risks due to ongoing issues in the handset market and with China.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.