Canaccord Genuity Reiterates a 'Buy' on Mentor Graphics (MENT); Strength in 28nm

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Canaccord Genuity reiterates a 'Buy' on Mentor Graphics (NASDAQ: MENT) price target of $18.00.

Analyst, Bobby Burleson, said, "We reiterate our rating on MENT following largely in-line results (revenues light, but EPS upside) and guidance, as we expect 28nm to drive strong emulation and are encouraged by strong adoption of verification (Veloce 2) for 28nm and 20nm technology."

For an analyst ratings summary and ratings history on Mentor Graphics click here. For more ratings news on Mentor Graphics click here.

Shares of Mentor Graphics closed at $13.20 yesterday, with a 52 week range of $8.50-$15.76.

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