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Fly News Breaks for October 10, 2016
SNPS
Oct 10, 2016 | 08:23 EDT
DA Davidson analyst Thomas Diffely raised his price target on Synopsys citing "solid EDA industry fundamentals" and the "strong operating models" of companies in the sector. Given these factors, Diffely, who identifies Synopsys as his favorite EDA name, thinks that the company deserves a higher multiple. He keeps a Buy rating on the stock.
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