UPDATE: JPMorgan Upgrades Synaptics (SYNA) to Neutral

February 7, 2020 2:36 AM EST
Get Alerts SYNA Hot Sheet
Price: $146.06 -2.94%

Rating Summary:
    17 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 25 | New: 41
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(Updated - February 7, 2020 3:58 AM EST)

(updating comment)

JPMorgan analyst Paul Coster upgraded Synaptics (NASDAQ: SYNA) from Underweight to Neutral with a price target of $73.00 (from $52.00).

The analyst comments "Though we think the multiple remains rich, we upgrade to Neutral on the faster than expected margin step-up, and revenue acceleration, and we would not be short ahead of upcoming catalysts ahead including the TDDI LCD sale, Apple OLED Touch contribution and the analyst day in June."

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 $70.10 yesterday.


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