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Fly News Breaks for August 10, 2018
SYNA
Aug 10, 2018 | 08:19 EDT
Needham analyst Rajvindra Gill raised his price target on Synaptics to $58 after its Q4 earnings beat and guidance, saying he expects the company to benefit from a higher gross margin profile in FY19 as well as higher average selling prices across its portfolio. The analyst keeps his Buy rating on Synaptics, anticipating the company to be a major supplier amid the rising OLED touch revenues in China with new panel capacity coming online in 2019.
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