Fly News Breaks for August 9, 2019
Aug 9, 2019 | 09:00 EDT
As previously reported, Dougherty analyst Charlie Anderson upgraded Synaptics to Buy from Neutral with a $40 price target. Internet of Things, which he identifies as the company's highest margin and most valuable category, is on a higher growth trajectory than previously contemplated, said the analyst. Meanwhile, management significantly reset the bar lower for Mobile, which is a lower margin and more volatile category. Taken together, they give new CEO Michael Hurlston a perfect setup for exceeding expectations, contends Anderson.
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