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Fly News Breaks for August 4, 2017
SYNA
Aug 4, 2017 | 07:34 EDT
Craig-Hallum analyst Anthony Stoss upgraded Synaptics to Buy from Hold, as he expects to see substantial TDDI volume increases in FY18 and believes its optical fingerprint sensor should be a strong growth driver. The analyst, who also thinks acquisitions have positioned Synaptics to benefit from the IoT market, lowered his price target on the shares to $55 from $62 after the company reported in-line results and guided below consensus estimates.
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