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Fly News Breaks for February 7, 2020
Feb 7, 2020 | 09:40 EDT
Needham analyst Rajvindra Gill raised his price target on Synaptics to $100 and kept his Buy rating after its Q2 earnings beat and above-consensus Q3 guidance. The analyst cites the management's view of stronger than expected demand for its PC products and from its key mobile customer as well as the company's improved operational discipline. Gill adds that Synaptics' expected sale of its mobile LCD business should grow its overall gross margins by about 250bps.
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