Canaccord Genuity Maintains a 'Buy' on Mentor Graphics (MENT); Raising PT & Estimates on Accelerating Core EDA Demand, Diversification

Canaccord Genuity maintains a 'Buy' on Mentor Graphics (NASDAQ: MENT) price target raised to $18.00.

Analyst, Bobby Burleson, said, "We remain BUY rated on MENT and increase our estimates and price target following this morning's upside results and above-consensus outlook. As demand for EDA picks up, MENT's top line should continue to experience strong growth, enhanced by even faster growing non-EDA, while tight cost controls add leverage to earnings."

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 $15.21 yesterday.

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