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Fly News Breaks for February 7, 2020
SYNA
Feb 7, 2020 | 07:36 EDT
KeyBanc analyst John Vinh raised his price target for Synaptics (SYNA) to $95 from $80 after the company posted a big beat and raise driven by strong demand for the iPhone 11, the ramp of the iPhone SE2, and PC NB pull-ins related to the Windows 7 sunset. With the divestiture of TDDI and the ramp of OLED touch at Apple (AAPL), Vinh says he sees a line of sight on gross margin to high 40s% and 50% long-term. The analyst made no change to his Orerweight rating.
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