Synaptics price target raised to $95 from $70 at Imperial Capital Imperial Capital raised its price target for Synaptics shares to $95 citing the acquisition of Renasas SP Drivers. The firm keeps an Outperform rating on the stock.
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.