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Fly News Breaks for March 19, 2019
SYNA
Mar 19, 2019 | 07:20 EDT
BMO Capital analyst Ambrish Srivastava lowered his price target on Synaptics to $35 and kept his Market Perform rating after the company's announced "immediate" CEO departure and Q3 outlook at the lower end of its earlier forecast late on Friday. The analyst also lowers his FY19 and FY20 EPS outlook to $4.23 and $3.57 from $4.52 and $4.26 respectively while noting that the shares remain "reasonably valued" at these levels in spite of Monday's 22% stock price decline.
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