Barclays analyst Tom O’Malley downgraded Skyworks to Underweight from Equal Weight with a price target of $87, down from $115. The firm rolled out new content assumptions for the iPhone SE4 and the iPhone 17 and assumes a more modest unit ramp next year. Barclays believes handset expectations are “out of touch.” For Skyworks, the firm says lower units and content headwinds will make the upcoming six months challenging.