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Fly News Breaks for February 7, 2020
SYNA
Feb 7, 2020 | 08:24 EDT
BMO Capital analyst Ambrish Srivastava raised his price target on Synaptics to $70 after its strong set of Q2 results and guidance, with added margin accretion coming from the TDDI divestiture. The analyst still keeps his Market Perform rating and sees the stock valuation as "reasonable", but boosts his modeled FY21 expected earnings multiple to 14-times from 13-times.
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