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Fly News Breaks for April 3, 2019
SNPS
Apr 3, 2019 | 07:48 EDT
DA Davidson analyst Thomas Diffely raised his price target on Synopsys to $135 and kept his Buy rating after its Analyst Day, citing the company's increase of its mid-term revenue and margin expectations while offering a deeper look into its main operating segments. The analyst says the company has become a "key beneficiary" in an era of "smart everything" - "AI, IoT, 5G, etc." - thanks to its " growing portfolio of design tools that sit at the intersection of software and hardware."
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