Synaptics price target raised to $83 from $70 at Stifel Stifel raised its price target on Synaptics after the company reported stronger than expected Q3 results and provided higher than expected Q3 revenue guidance. The firm keeps a Buy rating on the shares.
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.