After Synaptics (SYNA) confirmed that it is engaged in talks with Dialog Semiconductor (DLGNF) regarding a potential acquisition deal, Stifel analyst Kevin Cassidy raised his price target on Synaptics shares to $62 from $54, noting that Bloomberg previously reported that a $59/share offer was rejected by Synaptics. He believes a combined Synaptics and Dialog could expand operating margins through increasing dollar content sold into smart phones, though also notes such a combination does not decrease the number of competitors in the market. Cassidy keeps a Buy rating on Synaptics shares.