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Fly News Breaks for November 9, 2018
SYNA
Nov 9, 2018 | 07:13 EDT
KeyBanc analyst John Vinh downgraded Synaptics to Sector Weight from Overweight. In a research note to investors, Vinh says his latest latest carrier survey is indicating sell-through of the iPhone XR has been disappointing, with meaningful inventory starting to accumulate in store channels. Additionally, he sees an inability for Synaptics to monetize early cycle growth in TDDI given supply constraints. He sees fair value in the range of $35-$40.
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