UPDATE: Bank of America Reiterates On Skyworks Solutions On Improving Industry Backdrop

In a report published Monday, Bank of America analyst Vivek Arya reiterated a Buy rating on Skyworks Solutions (NASDAQ: SWKS ), and raised the price target from $35.00 to $45.00. In the report, Bank of America noted, “We raise our PO to $45 on a 15x CY15E PE (from 13x