UPDATE: Deutsche Bank Lowers Skyworks Solutions' PT

According to a research report published this morning, Deutsche Bank has lowered Skyworks Solutions'

PT from $30 to $29. In the report, Deutsche Bank said, "We are lowering our June and September quarter estimates on Skyworks slightly. We think ongoing 28nm constraints for Qualcomm and Skyworks are a minor but real headwind this year. While we see no signs of canceled products or orders, we think a degree of caution is in store. However, we think Skyworks position in the industry remains solid." Deutsche Bank maintains its Buy rating on Skyworks Solutions, which closed Friday at $25.51.