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Stock Market & Financial Investment News

News Breaks
June 5, 2014
09:33 EDTSYNASynaptics upgraded to Strong Buy from Buy at Feltl
News For SYNA From The Last 14 Days
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July 27, 2015
08:04 EDTSYNASynaptics ClearPad solution selected by Huawei
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July 23, 2015
09:45 EDTSYNAJPMorgan sees risk of Synaptics losing Apple business
Apple (AAPL) is working on bringing its touch and display driver integration functionality in-house to better protect its operating system, JPMorgan analyst Paul Coster tells investors today in a research note. The move increases the likelihood of the iPhone maker terminating its use of Synaptics' display diver solution in mid-2017, Coster writes. To reflect the risk of losing the business, the analyst cut his price target for Synaptics to $97 from $112. The supplier of human interface solutions is trading up 49c to $80.34 in early trading. Coster keeps an Overweight rating on Synaptics, however, saying the stock is already pricing in the risk of losing the Apple business after selling off 20% since mid June.

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