Synaptics price target raised to $105 from $83 at Sterne Agee Sterne Agee increased its price target on Synaptics, citing benefits from the Renesas acquisition. After meeting with Synaptics, the firm is more confident that the deal makes sense financially and strategically. The firm keeps a Buy rating on Synpatics.
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.