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Fly News Breaks for July 27, 2017
SYNA
Jul 27, 2017 | 09:03 EDT
Cowen analyst Robert Stone resumed coverage on Synaptics with an Outperform rating and $75 price target following the closing of its acquisition of Conexant Systems. The analyst believes this deal and its pending acquisition of Multimedia Solutions Business should expand its addressable market, broaden its customer base, add IP, and raise its blended gross margins.
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