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Fly News Breaks for March 14, 2019
CDNS
Mar 14, 2019 | 09:30 EDT
Needham analyst Richard Valera raised his price target on Cadence Design to $64 and kept his Buy rating after holding talks with its CFO John Wall and Investor Relations director Alan Lindstrom. The analyst says the discussions were highlighted by the management's view of "robust demand" that the company is seeing across numerous verticals. Valera also believes that Cadence Design is positioned "for continued share gains in digital", with good pricing power and margin expansion.
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