Shares of Qorvo Inc. and Skyworks Solutions Inc. are rising in premarket trading Thursday after Cowen & Co. analyst Karl Ackerman upgraded the stocks to outperform from market perform. "In our minds, C2020 is shaping up to be synonymous with C2017 for the Apple [radio-frequency] supply chain - a period when both Qorvo and Skyworks re-rated higher," Ackerman wrote. He said that most investors have significantly discounted Huawei Technologies Co. Ltd. revenue to the point where a resolution in the trade dispute now represents an "upside lever." Ackerman raised his price target on Qorvo shares to $90 from $75 and upped his Skyworks target to $95 from $80. Qorvo shares have gained 5.7% over the past three months, while Skyworks shares have risen 1%. The S&P 500 is down 2.5% in that time.
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