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Fly News Breaks for February 8, 2019
SYNA
Feb 8, 2019 | 09:50 EDT
Needham analyst Rajvindra Gill raised his price target on Synaptics to $60 and kept his Buy rating after its better than expected Q2 results. While the company's revenue outlook was down 15% on the quarter due to continued softness in Internet of Things and Mobile segments, the analyst is encouraged by its shift from latter to former, which he sees as a "long-term growth driver".
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