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Fly News Breaks for February 13, 2020
CDNS
Feb 13, 2020 | 07:49 EDT
RBC Capital analyst Mitch Steves raised his price target on Cadence Design to $85 and kept his Outperform rating after its "solid beat and raise" with Q4 earnings and Q1 guidance. The analyst notes that while China appears to be a near-term headwind, he does not expect the coronavirus disruptions to negatively impact the overall 2020 results.
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