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Fly News Breaks for February 18, 2020
SNPS
Feb 18, 2020 | 16:27 EDT
Baird analyst Joe Vruwink initiated coverage of Synopsys with an Outperform rating and $190 price target. With customers set to accelerate R&D spend during through 2021 and product innovation creating more avenues for secular growth, Synopsys is positioned to deliver an "attractive combination" of revenue growth and margin expansion, Vruwink tells investors in a research note. The analyst sees Synopsys shares holding on their 2019 re-rating with additional upside from growth and free cash flow generation.
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