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Fly News Breaks for December 1, 2017
SNPS
Dec 1, 2017 | 06:15 EDT
DA Davidson analyst Thomas Diffely keeps his Buy rating and $105 price target on Synopsys following Q4 results, saying that increased chip complexity and new computing era focused around big data and AI are all driving growth of semiconductor consumption. Diffely says the company benefits directly from these trends as the customer base in its Electronic Design Automation business expands, calling it his favorite stock in the space.