April 2, 2008

$11 Price Target on SkyWorks

Zacks gives an $11 price target on Skyworks. From the article:

"We think the company's business model will demonstrate significant earnings leverage in 2008.

We have set a target price of $11, which implies a P/E multiple of approximately 16.7x based on our FY2008 EPS estimate of $0.66. We think our target P/E multiple is reasonable when compared to the median multiple of its peers."

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