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Fly News Breaks for March 18, 2019
SYNA
Mar 18, 2019 | 08:21 EDT
JPMorgan analyst Paul Coster lowered his price target for Synaptics to $45 from $50 after the company negatively preannounced Q3 results and said CEO Rich Bergman will be departing immediately. In a research note titled "Mildly Negative F3Q19 Preannouncement; CEO Resigns; Typically Not Good Things," the analyst says he expects the demand environment to remain soft for Synaptics. He keeps a Neutral rating on the shares.
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