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Fly News Breaks for October 23, 2018
CDNS, SNPS
Oct 23, 2018 | 05:02 EDT
JPMorgan analyst Sterling Auty upgraded Synopsys (SNPS) to Neutral with an unchanged price target of $98. The stock's valuation is "more palatable" following this year's underperformance, Auty tells investors in a research note. Further, he believes Synopsys' margin expansion, to go along with sales growth that this year is estimated to be 14.6%, provides a catalyst for the shares to perform in-line with peers over the next 12 months. Auty this morning also upgraded Cadence Design Systems (CDNS) to Neutral from Underweight.
News For SNPS;CDNS From the Last 2 Days
SNPS
Apr 24, 2024 | 16:32 EDT
