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Fly News Breaks for August 22, 2019
SNPS
Aug 22, 2019 | 08:34 EDT
DA Davidson analyst Thomas Diffely raised his price target on Synopsys to $155 and kept his Buy rating after the company posted "another beat and raise quarter" with broad-based strength in the Electronic Design Automation, or EDA, segment. The analyst notes that the EDA industry continues to expand thanks to the elevated design activity and growing chip complexity in spite of the challenging environment for semiconductor industry. Diffely is also positive on the efforts by Synopsys to improve its cost structure and gain more market share.
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