Information Provided By: 
Fly News Breaks for December 1, 2016
SNPS
Dec 1, 2016 | 09:02 EDT
Needham analyst Richard Valera raised his price target for Synopsys to $66 from $60 after the company delivered "strong" Q4 results. While the company's down year over year backlog despite an increase in duration will likely raise some questions, the analyst is inclined to give Synopsys the benefit of the doubt given its strong recent execution track record. He reiterates a Buy rating on the shares, and says he would a buyer on any post-earnings weakness.
News For SNPS From the Last 2 Days
