Canaccord Genuity Reiterates a 'Buy' on Mentor Graphics (MENT); Raising Numbers in Uncertain Environment
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Price: $37.25 --0%
Rating Summary:
2 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Mentor Graphics (NASDAQ: MENT) price target of $13.00.
Canaccord analyst, Bobby Burleson, said, "As customers move to advanced nodes and attempt to differentiate their products, steady demand for EDA continues. Combined with growth rates for transportation well above core EDA industry growth, Mentor remains well positioned to continue delivering upside, in our view, despite a challenging macro environment."
For more ratings news on Mentor Graphics click here and for the rating history of Mentor Graphics click here.
Shares of Mentor Graphics closed at $8.85 yesterday.
Canaccord analyst, Bobby Burleson, said, "As customers move to advanced nodes and attempt to differentiate their products, steady demand for EDA continues. Combined with growth rates for transportation well above core EDA industry growth, Mentor remains well positioned to continue delivering upside, in our view, despite a challenging macro environment."
For more ratings news on Mentor Graphics click here and for the rating history of Mentor Graphics click here.
Shares of Mentor Graphics closed at $8.85 yesterday.
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