Deutsche Bank Maintains Rating On SWKS, Comments On iPhone Speculation

Deutsche Bank is reiterating its Buy rating on Skyworks Solutions SWKS and keeps its price target at $40. SWKS, according to the report, is executing well and gaining market share. Deutsche Bank also commented on the current market focus on Skyworks' potential work on Apple AAPL's iPhone5. The report claims, “…we think a few things have to be kept in mind. Apple remains a mystery, with no certainties until the first teardowns appear…we think their relationship with Apple and baseband partners remain solid, and it is too soon to tell about marginal share gains or losses.” SWKS closed at $30.88 yesterday.