Synaptics price target raised to $90 from $80 at Craig-Hallum Craig-Hallum believes Synaptics' (SYNA) acquisition of Renasas SP Drivers will drive rapid scale and accelerate integrated touch display driver solutions deployment and expand the addressable market. As a result, the firm raised its price target to $90 from $80 and reiterates its Buy rating.
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.