Information Provided By: 
Fly News Breaks for February 18, 2020
CDNS
Feb 18, 2020 | 16:24 EDT
Baird analyst Joe Vruwink initiated coverage of Cadence Design Systems with an Outperform rating and $93 price target. The company is well positioned to outperform in 2020 through a combination of accelerating customer development activity, intellectual property momentum and continued success in growing system-level tools, Vruwink tells investors in a research note. He views the stock's valuation as reasonable in comparison to other design peers with potential for further re-rating as Cadence executes.
News For CDNS From the Last 2 Days
