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Fly News Breaks for February 20, 2020
SNPS
Feb 20, 2020 | 09:17 EDT
DA Davidson analyst Thomas Diffely raised his price target on Synopsys to $200 and kept his Buy rating after its Q1 earnings beat, saying that in spite of the coronavirus-driven supply chain and demand disruptions, the company has had "no ill effects" in the quarter. Based on the "lumpy" nature of the Hardware and IP business, the analyst believes that the softer Q2 guidance is a "non issue" and points to Synopsys's otherwise "solid" outlook for FY20.
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