Sterne Agee Upgrades Synaptics (SYNA) to Buy, Sees Kindle Fire As 2nd-Half Catalyst
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Price: $42.28 +1.17%
Rating Summary:
9 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
9 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade SYNA Now!
Sterne Agee upgraded Synaptics (NASDAQ: SYNA) from Neutral to Buy with a price target of $38.00.
Analyst Shaw Wu cited: "(1) we see AMZN Kindle Fire as a catalyst for the 2H; (2) stock has pulled back 22% from its recent highs making current levels an attractive entry point; and (3) it appears that a modest guidedown for the June quarter is largely anticipated."
The firm expects SYNA to meet or consensus estimates of $132 million in revenue and $0.52 in EPS when they report on Thursday, April 26, 2012, after the close.
For an analyst ratings summary and ratings history on Synaptics click here. For more ratings news on Synaptics click here.
Shares of Synaptics closed at $31.88 yesterday, with a 52 week range of $21.97-$39.89.
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Analyst Shaw Wu cited: "(1) we see AMZN Kindle Fire as a catalyst for the 2H; (2) stock has pulled back 22% from its recent highs making current levels an attractive entry point; and (3) it appears that a modest guidedown for the June quarter is largely anticipated."
The firm expects SYNA to meet or consensus estimates of $132 million in revenue and $0.52 in EPS when they report on Thursday, April 26, 2012, after the close.
For an analyst ratings summary and ratings history on Synaptics click here. For more ratings news on Synaptics click here.
Shares of Synaptics closed at $31.88 yesterday, with a 52 week range of $21.97-$39.89.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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