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Fly News Breaks for August 2, 2017
SYNA
Aug 2, 2017 | 10:43 EDT
Cowen analyst Robert Stone attributes today's weakness in Synaptics (SYNA) shares to commentary claiming that Samsung (SSNLF) is likely to switch fingerprint sensor vendors for its upcoming Galaxy S9 while sticking with a capacitive sensor, which he believes would not be "a logical outcome." Given the phone's expected design, an optical sensor makes the most sense, said Stone, who expects Synaptics to provide an update on optical fingerprint sensor wins on its Thursday earnings call. He keeps an Outperform rating and $75 price target on Synaptics shares, which are down nearly 5% in morning trading.
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