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Fly News Breaks for October 19, 2016
MENT
Oct 19, 2016 | 06:20 EDT
Credit Suisse analyst Farhan Ahmad initiated Mentor Graphics with an Outperform and a $34 price target. The analyst believes the Street is underestimating Mentor's growth and sees potential for multiple expansion as the company starts to deliver. Additionally, Ahmad said Mentor screens well as a potential target for for Systems Design Software companies given the increasing importance of EDA companies in systems design.
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