Why Skyworks Solutions Stock Popped This Morning

Skyworks Solutions (NASDAQ: SWKS) stock is up 4.7% as of 10:30 a.m. EST after the maker of semiconductors for cellphones received a pair of unrelated price target hikes yesterday.

Early in the morning, Morgan Stanley upped its price target on Skyworks to $155, reports StreetInsider.com. Several hours later, TheFly.com reported an even more ambitious target price hike from Goldman Sachs -- to $171. MS rated the stock equal weight, while GS maintained a buy rating on the shares.

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Source Fool.com