Synaptics upgraded to Outperform from Sector Perform at Pacific Crest Pacific Crest upgraded Synaptics due to smartphone market share and Samsung gains, continued product cycle growth opportunities, and potential upside from a Galaxy S4 win. Price target is $40.
Synaptics upgraded to Outperform from Perform at Oppenheimer Oppenheimer upgraded Synaptics (SYNA) to Outperform with a $105 price target due to unjustified weakness. The firm said the Digitimes article claiming Apple (AAPL) is developing an in-house TDDI solution is highly speculative, and if true, is unlikely to come to fruition until 2018. The firm said a TDDI solution is difficult to build and Synaptics is likely to continue to gain share in DDIC.