Cadence and Dassault Systèmes Unveil the First Cloud-Enabled, Collaborative Experience to Transform the Development of Electromechanical Systems

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Morgan Stanley Upgrades Cadence Designs (CDNS) to Overweight, 'Strategy Vindicated'

February 14, 2024 7:12 AM EST

Morgan Stanley analyst Lee Simpson upgraded Cadence Designs (NASDAQ: CDNS) from Equalweight to Overweight with a price target of $350.00 (from $260.00).

The analyst comments "We expect momentum in chip design will continue into next year at least. Rivals are also following CDNS' lead into... More