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Fly News Breaks for November 8, 2019
SYNA
Nov 8, 2019 | 09:38 EDT
BMO Capital analyst Ambrish Srivastava raised his price target on Synaptics to $50, saying that after all the C-suite changes and a string of poor execution, the company finally delivered a strong set of results with expanding gross margins and better than expected demand from Huawei. The analyst also raises his FY20 and FY21 EPS views by $1.28 and $1.41 to $4.50 and $5.25 respectively but keeps his Market Perform rating on the stock citing its "reasonable valuation".
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