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Fly News Breaks for January 3, 2020
SYNA
Jan 3, 2020 | 06:18 EDT
KeyBanc analyst John Vinh upgraded Synaptics (SYNA) to Overweight from Sector Weight with an $80 price target. In a research note to investors, Vinh says he is increasingly confident, based on supply chain conversations, that Synaptics has secured the touch controller sockets in the 2020 OLED iPhones, which he estimates could add $2 in incremental EPS. Despite the recent appreciation in the stock, OLED touch and turnaround story remains well underappreciated, Vinh adds. With the TDDI divestiture and OLED touch wins at Apple (AAPL), he estimates Synaptics can earn $6.14 in EPS in FY21.
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