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Fly News Breaks for May 18, 2017
SNPS
May 18, 2017 | 08:48 EDT
Needham analyst Richard Valera said that Synopsys' increased FY17 guidance implies "notably light" Q4 guidance. Management attributed this to lumpiness of hardware, but he also suspects the view includes some conservatism. Valera, who thinks the shares could continue to work higher, raised his price target on Synopsys to $77 from $76 and keeps a Buy rating on the stock.
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