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Fly News Breaks for February 18, 2020
Feb 18, 2020 | 09:38 EDT
RBC Capital analyst Mitch Steves raised his price target on Synopsys to $178 and kept his Top Pick rating heading into its earnings report, saying that Electronic Design Automation Tools may be one of the best ways to invest in semiconductors over the long term. The analyst anticipates another beat-and-raise quarter from the company, with upside coming from its hardware business after lighter results in 2019 and Huawei being a potential driver to revenue if the assumption for shipment restrictions is lifted from its model.
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